Contrarian view on the EURO. I think the Euro will breakout on the doji formation this morning, or there will be a small move up prior to testing the newly formed uptrend line established in mid March. I believe the USD and the S&P are currently trading lock and step, so this would also coincide with a move down to the 2070 area (SPX) prior to a move to test the highs again prior to a massive pullback or
If the Euro test the uptrend line first, the SPX will trade back up to test the highs again, prior to a massive move down as the Euro reverses its trend and heads higher.
We hit the target range of 1.12.... Now look for the move back down to 1.05 prior to final lows in the 1.03 range.... Cup and handle formation on the DXY are forming on multiple time frames, so we should get strong USD action (long USD against all pairs).