€$ & USDX

Continuing € weakness and further downward movement to come. In the first chart the yellow ML is from a important weekly fork. This is a classic pattern and it is obvious and highly probable that we will get down to the yellow or brown lines but no one can be sure if we go through lower or we have another wave (usually smaller) before going lower. On the 240 min chart you can see how critical this level is and if we go lower we will be looking at the 1.35 figure level BUT if we hold here again there is nothing to stop another bounce but it looks weak





















The DX is going to try to take out the mod Schiff lime UMLP and three SH's below 78.50 and make a new high on the upper side of the blue CL- but there is nothing to stop a RT towards the D-sloping dark blue UMLP first. For me this would be confirmation that the trend has changed and the US$ is back in biz.