€$ & USDX

OK, we proceed as discussed last week in Friday's post and others. USD is heading in the DX chart (below) to take out the 81.50 level and the ML's which have previously been tested and price failed-retraced and here we are again heading back-up. Notice there is no CL touch on the purple CL (this fork is all the more significant because of it's attitude/angle).
EurUsd has caught on two separate warning lines from two separate 'grids' and found support. We may see some upward movement having now tested 1.3100 for the first time but it should not be too long before we test this level again. A break over 1.3150 -ish would mean further meandering before a retest on 1.3100. What effect on sentiment the holiday period and reduced volume will have remains unknown and could provide either a surprise or a period of monotony.
For anyone wondering what on earth this blog/bloke is up to then please have a look at some of the methods i use to understand price... press here