- Daily chart has turned bearish. Has dropped below 0.89, which is roughly where the neckline of a SHS top is. Objective on chart here is 0.8580.
- Remains to be seen if the daily SHS top will morph into something that has more ominous implications for weekly and monthly time frames.
- Ties in nicely with the core view here. Bond yields hitting new recent lows and equity weakness too as I write.
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