Here is a followup on the 1 hr timeframe of the Dow chart still in the range. That breakout above the range was a FALSE breakout. Notice now where the carnage stopped today after the FED minutes were released. Knowing the usual correlation between the USD and Equities, I will not be looking for a big move in the USD -and by extension the EUR/USD until we get back up to the ceiling OR back down to the floor.
