$ Index & Euro$...Time for the US$ to take a breather?

Here's a long term chart of the US $ index. We are at the blue upper MLP and just short of the black CL. If we fail to touch that we could see a vicious retracement










Here is EurUsd long term
We have reached the LMLP of the black fork and the blue CL and just look a the MACD divergence!










Medium: we seem to have broken above the red UMLP










Short term: There is a long way to go but we could see a rapid move up this week. Several downsloping ML's remain not drawn where price has not reached the CL...the indication is clear that we go higher and (to me) something about price action has changed over the last week. It's little more than a feeling but having watched each bar/candle as they form minute by minute, hour by hour & i would say that this coming week will tell us if we have more than just a small rally in a downtrending market or perhaps a correction of greater scope.