USD_ in the move down to 80.32. time pressures are still down but trade pressures indicating a possible short cycle move up.
the long entry would be a close above 82.58. But the target should only be to 83.45.
EURO_ the euro fx shows a long entry at 1.2605.
the currency move would suggest the long weary negotiations in the EU may be bearing some fruit.
If the long entry fails, then a move below 1.2498 will be the short entry to 1.2071.
the metals and these currencies are usually reciprocals of one another.
TBONDS_ traded up to the final target of 152-30 and reversed the next bar.
a trade below Friday’s close should signal a test of 145-10 and then 140-26.
what is this? money coming out of the defensive trade? it appears so.
If the USD goes up and the TBonds come down; then the flow of funds is likely into equities.