Euro looking a bit toppy? US data may provide the stimulus for a sharp move up by the Euro . Maybe with the ECB rate decision + US Jobs data we will get a false break down for the euro and then a sharp rise ypto 1.39 and higher. I am worried that the DX is approaching support at 76.00. There is definitely something there plus the pink/magenta LMLP and we can already see the first time price hit this line it bounced upto the 81.50-82.00 level and this is the second time it is coming back to test the LMLP ( after a CL failure in other high TF forks) so the prognosis for the USD is down i think. The DX chart below is very basic and i drew these forks with haste as all my other charts of the DX are too messy with RL's. (Remember we may see another bounce off the DX LMLP support level before price goes lower so i have no position yet).
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