Price is right back at that Flag Pattern, which is aligned with Weekly R4 today around 1,1350. S&P is close to its major support, as well as the dollar index. There is a clear risk of a bounce from these levels on different markets. But if we see a failure, and break out, this may spur a sell off in stocks and a rally in EurUsd and other related currency pairs. Keep a close eye on these levels and how the day will close. A break out should be a strong candle piercing throgh that that channel floor.which will open up for 1.15 and above 1.18 (1.17 is the Aug high).