The Euro has pulled back to important support. This being the 7 month uptrendline as well as price support at 1.32. A breakdown from here that holds would be a very bearish break and suggest an end to the rally. DX has rallied back into the 81-82 resistance zone and while looking short term overbought does have a much more bullish look to the chart. DX has been in a 5 month 3 point channel and is presently poking its nose just above this channel top resistance. With the other currencies selling off and following the Yen, DX could be starting an upside breakout that could have legs. DX would need to clear 82 to suggest much higher prices. This would have a dramatic effect on all inverse markets.