USD continues to strengthen. Reversal is here...

USD continues to get stronger across the board. Oil dropping like a stone (currently 65.90) has big implications for the USD (and specifically against the CAD). It's likely that USD has formed a bottom and we'll get the much needed retracement.

US equities are in red (S&P down 1.18%) and there is plenty of room to the downside.

Chart shows a great confluence of events: EURUSD broke below 10 ema, previous candle was also red, MACD formed a bearish cross and Stochastics fell below 80. Keep shorting the Euro. It wants to go down now.