Here is the USDX on Friday mid morning in the Eurozone trading session. Following on from yesterday's post
i am still unsure of how far back we are coming....the retest of 80.00 is underway but we could go lower...maybe 79.50? So far we have a .382 Fib RT and 79.50 would be a a whisker above the .618.
The €$ has only retraced in a very shallow manner overnight and still looks like it has further energy to expend. I will watch closely the 1.3250 to 1.3300 level to see if we see stagnation and loss of upward momentum.
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