EURUSD tagged our 200-day moving average target, putting DXY slightly above its 200-day – a move that usually has important implications for equities.

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At the same time, USDJPY is backing off its .786 Fib. Note that DXY hasn’t popped above its SMA200 since June 2021. It was followed by another leg down in equities.Equities aren’t too bothered at the moment… But, VIX is still in position to test the channel top.  Keep an eye on its SMA10.Dollar strength also manifests in weakness in CL (approaching its SMA200 after rolling over) and RB (dropping below its.)