Just a quick update before we head for a night out to watch the NBA NY Knicks game at Madison Square Garden. The US$ remains range bound and stuck near the major S/R levels of the weekly 200 EMA and 92.50 level. I still consider that decent trending markets will not return for FX until there is decisive US$ breakout from this region.
NB: I am away until the end of October so updates a brief and few during this period.
USDX: closed with a bearish weekly candle and below the weekly 200 EMA but above the 92.50 S/R level.
EURX weekly: closed with a bullish candle although price retreated to form up a Doji. The Bull Flag is still a possibility for the time being:
Calendar: there are two Fed Chair Yellen speeches and one ECB Draghi speech in the high impact data to monitor next week: