Dollar Rebound

Bonds, precious metals and major currencies have taken a break for now and the over-sold dollar is catching a bid, as I expected. It is very important to watch bond yields, no matter what you are trading because they have such a large impact on everything.

EURUSD daily is about to go counter trend on the break of this support. The weekly MACD is down at the pink line at 1.13359. This could be the long awaited retrace that everyone has been expecting. Lets see how it goes as an exercise.

EURUSD short term template.

USDJPY short term template.

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