USD is bouncing to test the highs after only stabbing but not really dropping into the preferred support area. Whatever, a bad jobs report did not hurt Uncle Buck as the Fed is perceived to be on the job and confidence in the Fed remains intact.
Going the other way, the Euro looks pretty pathetic, to the extent that I’d like to eat whatever bullish words I wrote about it. If it is making an interim low (at the big picture trend line shown previously), it appears it is going to be a grinder.
