€$ & USDX + Gold...The bigger picture

The USDX is in a retracement and has exceeded the Fib .382 and i think this could be quite sharp..taking us down to 81.50 then 81.00 then 80.50 and perhaps to 80.00 itself. I am obviously disappointed and having tracked this $ reversal since September when it was only a idea. I did expect a slightly more prominent high after the December range of expanding pivots and although i realised that the black CL was effective resistance ( in my opinion some of the most effective forks seem to be those with horizontal attitudes) wanted a clean daily close above the black CL and a decent break out but after the rise from just above 79.00 to 81.50 i suppose is hould not be too disappointed or greedy or impatient....its only Jan 12th today. Plenty of time for price to play out. Both the mauve and steel blue forks have had no CL touches and this is a good bullish sign to add to the mix. Anyway we do have a higher high than the late November high but only slightly.










The Euro looks strong and as if it could go higher to 1.3250 but it remains vulnerable to fundamentals and everything/sentiment can change in an instant.













Gold does seem to be struggling with the RL mentioned since last week. But i have no firm view now but still tend to the short side unless proved otherwise.