With the push from Wednesday’s rally, the corrections in the trends on the U.S. Dollar Index and EUR/USD have triggered. Now the question is that has the RISK APPETITE of Wednesday exhausted?
The headline jobs number was a slight dissapointment and this could be all that the market was waiting on to justify another push from Wednesday’s bullish momentum.
If risk is indeed being taking OFF the table, then look for the larger trends to continue which means strength in the dollar, weakness in the euro, and exhaustion in U.S. equities.
The video is a follow-up to my previous update and shows where these three charts are now in relation to the set ups I discussed then.