DislikedHi Mal,
Did you read that ???
I post it yesterday
http://www.forexfactory.com/showthre...65#post3610865Ignored
I did also mention that we could be in this range of 400 pip for weeks till May election is done , by then feds may have raised rates based on bond prices right now and we could even drop thru 1.4800 support.
That is my critical zone as it is where the ultra high volume down bar on the weekly was , which gave us buyers. This is why I mentioned yesterday there maybe valid reasons on weekly for a climb to 1.6000 , but not seeing it just play out just yet.
So to summarize channel 1.5300 to 1.4800 . Support 1.4800 has to hold , that gives we see 1.4160 to 1.3600
last month ended on a doji , so far we have not seen a move off the close of that doji and as of today are under 1.5190 close of last montsh doji. Not that bullish right now
Blogging daily now at www.volume.zone