EURO...127.31 is today’s ORL #.

A close below this level today will see the start of new weakness in the Euro.

The first support level is 126.90-96. This is also the downside closing pivot for more weakness.

AUD/USD…I just sold a few Aussie which is a Risk Off trade matching the 50% retraces in the Equity Indices.

I will not give this much rope since I am selectively Bullish the individual equity names.

I’ll look at it going into London’s close, if it doesn’t start to weaken I will exit the trade

looking for the Aussie to rally close to 89.00 again before it can top out.

The dollar either strengthens from these levels or it goes back to chopping around.