Long Euro/Short Suisse

121.50 now becomes the weekly focus in this cross. A close tomorrow, above, will put in an outside reversal week to the upside, signaling an interim bottom. Last months close was 122.96, which should cap the rally the first time up. Our original tgt area was 124 ish.

I am mentioning this because of the knock on effect to Bullion prices. As the Suisse broke today, the metals sold off in sympathy. We will continue to monitor where the breaks in the metals hold to see if we need to adjust our positions.