€$ & USDX

This is an important RL and level for EurUsd. If we hold here we could go higher but i have seen this type of price behavior before. You see numerous attempted penetrations of the RL and then as the volatility increases you get numerous expanding inverted 'U' or 'V' pivot swings that eventually break down through the reaction line or if unable to continue lower a sharp reversal. If this continues i may look for a suitable short or long entry and will update as the afternoon progresses.