With everyone being so bearish on the Euro and genrally bullish on the US$, it is worth noting that the Dollar Index (DXY) is sounding some warning signals. 

The divergence that is building on the daily charts is not suggesting that the weakness that we saw in the US session is necessarily going to be repeated in sessions to come. 

Similarly the Euro looks to have more or less reached its channel objective, as per the chart, so be wary of a decent bounce with SL building above 1.3000.


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