EURUSD Breaks Out

Last week, we kept a close eye on the EURUSD, wondering whether it could push past its SMA200 after taking such a long time to even reach it. This morning, that question is settled. EURUSD broke out……which means that DXY has finally broken down.This says a lot about the bond market — which continues to sound alarms about the stock market.

But, so far, the end of quarter goal-seeking is ruling the roost — meaning we could easily get another bounce in TNX as we saw near the end (yellow arrow) of Q1.