The Dx is on the way through the important phyc level 80.00 and the Euro looks set for another staged descent towards testing this mornings low of 1.3286 and a convincing breakdown under 1.3300. I have no worries about selling these rallies and have a feeling that we could be going to 1.3250 in a short time. Next objective for the DX is the down sloping pink UMLP in that fork or the black up-sloping UMLP (the former at around 81.00). I suggest to you that traders will relentlessly push the Euro down and try to put as much pressure on it as possible with current fundamentals favouring them. Next RL support on EurUsd at 1.3280-850.
A break above 1.3350 would make me sit up and re-evaluate the situation but with a the current formation/pattern it looks like we will end up where we started this morning by the end of the day even with the USA shut---at 1.3300
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