With the ECB rate decision set for pre-market tomorrow morning (see graph below, courtesy of www.forexfactory.com), and the ECB press conference to follow at 8:30 am EST, the EUR/USD forex pair is basically holding steady today in between resistance at 1.34 and support at 1.334, so far, as shown on the following Daily, 4-Hour, and 1-day 1-min percentage comparison charts...market-makers are attempting to prop up the major indices by pushing the Financials ETF, XLF up...the Commodities ETF, DBC, is the weak one again today...ones I'll be watching tomorrow morning:
After this morning's brief sell-off, the YM, ES, NQ & TF are back up and still trading in their 5-day range, as shown on the 15-min chartgrid below...my comments from my last post still apply in this regard...the 50 sma (red) has just crossed below the 200 sma (pink) on the NQ & TF in a bearish Death Cross formation...whether or not they hold remains to be seen.
