After closing below 94 on Friday, this gives a lot of downside exposure as this close displays a lot of USD weakness. If you look at my idea on EURUSD
, I have been a strong proponent of USD weakness since late December/early Jan. With the Euro
looking like it wants to push up to 1.23/24 (linked) and USDJPY
wanting to push lower to 102 and potentially lower yet to 96, it could be a very sharp and swift decline for the dollar.