USD(DX)_ The prospect of higher US interest rates and the combination of money leaving Greece and maybe some of the other weak euro economies has seen a flow into the US financial assets.
Weekly – Still pointing down to 90-91 area, but has crossed back above the 25×5 moving average. Trade pressures are still neutral. Volume is neutral as we go into the 4th of July long weekend.
Daily – The trade was short from the 96.47 and traded down to the first target of 95.86. The 95.81 stop was triggered for a 66 cent profit. Trade pressures are up. Volume is bullish.
A close above 97.20 would signal a new move up.
30yr T-BONDS_
Weekly – the weekly down side targets of 144-145 are still active. Trade pressures are down. Volume is bearish for these last two weeks.
Daily – The long trade triggered at 150-08 is still on. The 147-17 stop was touched but the close was 147-18, so still long with a 154-26 target. The spike down on the Greek news was a warning so move the stop up as soon as the market gives you a chance. Trade pressures are up. Volume is neutral.
This is a retracement trade up inside the weekly down move. So, tight stops. The current stop remains 147-17.
[Update; Monday 7/6/2015: raise stop to 150-08 entry price.]