This is what I have on the 5 minute chart.
From the low 1.4249 to High 1.4292
Price dropped to the 61.8% fibo at 1.4265 then back above the 38.2% which is right at the 1.4275 area I am watching.
Price fell short of the high on this move up and is going back for the 61.8% mark at 1.4265, lets see if the test here stays higher or breaks deeper.
Ranging for now, 5 minutes till the new hour, then we should see more movement coming with New York open soon.
Update 1: 1.4265 hit right on this move down, now we wait to see how the last high at 1.4287 holds, if that breaks, we look for the 1.4292 to test and possibly break on a move to 1.4300.
Update 2: Now you can see this setup has almost formed into a near Doji on the last hourly bar.
From the low 1.4249 to High 1.4292
Price dropped to the 61.8% fibo at 1.4265 then back above the 38.2% which is right at the 1.4275 area I am watching.
Price fell short of the high on this move up and is going back for the 61.8% mark at 1.4265, lets see if the test here stays higher or breaks deeper.
Ranging for now, 5 minutes till the new hour, then we should see more movement coming with New York open soon.
Update 1: 1.4265 hit right on this move down, now we wait to see how the last high at 1.4287 holds, if that breaks, we look for the 1.4292 to test and possibly break on a move to 1.4300.
Update 2: Now you can see this setup has almost formed into a near Doji on the last hourly bar.