the FED QE conversation is suggesting dollar dilution.  the dollar goes down and the tangible assets go up.

the break thru the prior low says lower.  the next target down is between 79.10 and 78.25.

it will take a move up thru 80.72 to get a new signal up.

But the trade pressures and time pressures are oversold on the downside, suggesting the next move might be up.