Pre-close view… That is so yesterday.

September rate hike? Steep sell-off?

[Correction to Daily Spot”s Euro coverage: The next higher potential target would be 1.1220, not 1.2250]

The early release of FOMC Minutes pushed above this afternoon”s 2077.00 bias-up signal, to touch its 2082.00 target. It wasn”t in-play, but it is still resistance. Anyway, its reaction down probed back under 2077.00, and then surged to retest the 2093.25 open.

None of which changed that the rally originated during a no-bias environment. Having failed to trigger the 2077.00 bias-up signal by 1:20, 2077.00 should define the range”s upper-end. Its retest is required.

In fact, a sell signal finally triggered under 2090.25. And it has extended down to 2074.25. So, its attraction is neutralized.

And not only is that attraction neutralized, but it was neutralized pretty quickly. Almost as if the market is trying to be sure not to have any unfinished business below outstanding. Meanwhile, overbought RSIs at the 2093.50 high require a retest. And back above 2079.00 would start to signal momentum reversing up.

We”ll probably have a WedEX signal today, which will identify any bias to expect Friday afternoon and Monday morning. Be sure to attend the post-market Wrap for more on that.