The DXY's 10-week MA, which provided resistance for much of the move down to the 2009 low, has reverted to support (and has reverted to resistance for the EUR/USD). The EUR/USD's lack of weekly RSI divergence suggest a move to 1.40, the 50% retracement of bull market bounce off 1.2880. Only a weekly close above the falling 10-week MA (now at 1.4540) will shift the focus back towards 1.4680 (50% retracement of the 1.5142/1.4220 decline).
