The Euro hit levels today that haven’t been seen since the end of April, thanks to the ADP employment change coming in WAY negative.   What will happen tomorrow with the action packed news day?   Due to the move above 1.5817 and the weekly range, we would be looking to buy on any bounces overnight with very minimum exposure and loose stops.   The correlation between the Euro and Swissy has been quite prevalent over the last week as well.   Notice the bear move made by the CHF.    This move confirms our belief of attaining the 1.6000 zone again in the very short term.   With all the fundamental information and technical confirmation, we are maintaining a bullish bias to the 1.7000 zone in the longer term.  Notice the perfect double bottom!

Confirmation needed anyone? 

OOOOOOoooo the Yen.   What would a construction worker say if he dropped something from a high rise building?  

Is 106.70 is the furthest it can test before taking out the 100 day upwards trend line?   If our trend line is not taken out then we believe another test of 108.56 is in order.   Very basic and simple today.  

Who likes trading the sterling dollar cross these days?   Not us!   Support: 1.9850 Resistance: 2.0000 Good Luck.   We maintain the view of both economies getting weaker, thus who is the weakest link?