Yes the Euro is heavily weighed on the USD Index along with the Yen and I'm seeing the Euro and Yen charts very attractive for reversals right about now. Maybe one more draw down before the move up. I think it stands to test 127 and bounce off the 200 day MA. The Yen seems to be lagging the Euro, that or is doesn't have the momentum the Euro does.
Still I am waiting for trendline breaks before committing to anything. After all these potetnail revesals could still just be consolidation patterns.
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