Well this morning EUR/USD is 135.90. Still just a bit short of the record, which I still think is a no-brainer. But short term, a close below 135.24 would defuse the uptrend, or at least would signal a retracement off of the parabolic move of late. It would also be a relief.
Futures this morning are lower off of weak earnings from YHOO. Let's see if we finally get some downside testing. Oils appear vulnerable to me as well, but I'm afraid there's nothing to do as of yet. Let's wait and see how today plays out.
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