(Click on the pictures to enlarge)As I was trying to figur out the latest rally in EUR/USD and was comparing it to USD-Index I noticed that USD-Index didn't confirm the break above EUR/USD 143.75. This is a classic sign, that a trendchange is imminent.
As long as support at 142.04 isn't broken we could see one more rally above 144.46 closer to 145.50, but odds at this point in time seem low for that outcome. A break below 142.04 on the otherside would all but confirm the top is in place for a stronge move down 140.45 and a break below here will add momentum to the downmove.
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