The Greenback might consolidate till the FOMC meeting and decision on Wednesday. Again we have to focus on the technical climate today. Also the Eurozone Manufacturing figures can have an impact later on the price of the EUR/USD

Herewith the Probability Studies for Today:

EUR/USD – No Trade Zone within a Bullish Probability. We have a bullish 60minute trend accompanied by bearish 1 hour indicators. We can only have a closer look at bullish trades if the 1 Hour Stochastic crosses in a bullish direction

USD/JPY – No Trade Zone within a Bearish Probability. The bearish probability is still intact due to the bearish 60minute trend. Wait for the hourly indicators to cross bearish before attempting any trades in the direction of the highest probability

USD/CHF – No Trade Zone within a Bearish Probability. The bearish probability is still intact due to the bearish 60minute trend. Wait for the hourly indicators to cross bearish before attempting any trades in the direction of the highest probability as well on this one

GBP/USD – No Trade Zone within a Bearish Probability. The bullish 60minute trend has been violated to the downside therefore the bearish probability. The 1 hour indicators are a bit mixed and if they give us confirmed bearish crosses be will have a bearish trading condition.

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