I only have a couple of observations in currency land today.

Yesterday the Euro & Eur/yen reached or slightly exceeded their tgt’s.

for this swing. 140.30 Euro is just over 1/2 back for the last 2 years and puts

in a double top on the monthly From 2/10.

Eur/yen hit the fib tgt’s close to the 116 level.

Aussie has basically traveled far enough toward parity to take a needed rest in direction.

What to do? Dr. Nenner has put out momentum breakdown levels across all asset classes this a.m.

Short term traders should use them the first time down to see if we get a bounce off these levels.

1300 gold…22 silver….81 crude…..137 Euro….133.16 30 year..

These are closing momentum levels. A close below would lead to deeper re-tracements

of these past moves triggered by dollar depreciation