We have the inverse situation to the JPYUSD future chart I recently posted which points to bullish conditions for the US Dollar Index
1. The current low of the daily bar took out the most recent low at this level back in May 2016 - a bull trap - false breakout
2. Volume spike
3. Divergences on the 3/10 oscillator and it's slow line.
All pointing to a reversal. Interesting to see what happens on the EURO tonight. Logically it should reverse it's uptrend. Not saying it will, but it's interesting to watch
1. The current low of the daily bar took out the most recent low at this level back in May 2016 - a bull trap - false breakout
2. Volume spike
3. Divergences on the 3/10 oscillator and it's slow line.
All pointing to a reversal. Interesting to see what happens on the EURO tonight. Logically it should reverse it's uptrend. Not saying it will, but it's interesting to watch