Euro$ & USDX

The Fib levels have worked well with both the USDX (.382 RT)and the €$ (.50 RT). The green CL beckons in the €$ and there are a number of forks you can draw in addition to the two shown here. However it is doubtful if we will see a straight journey there but sentiment is very bearish and the fundamentals are now in place to push this market below 1.3400. The US $ generally looks strong and the DX itself now has to get up to the 79.50-80.00 area for its first attempt at breaching thereaction line that sits there from the black fork. As for the rest of today i am waiting to see if we are going to have a couple of rolling waves beffore a further break down or if we will see a retest/ rejection of higher levels such as 1.3700 but i suspect that sentiment is too bearish for the latter.