Big levels in USD and EURUSD in play.
DXY is breaking out above its 61% retracement from 2001 top to 2007 low. This site is about pivots but I don't ignore other long term levels like multi-year price highs and lows, quarterly and monthly close highs and lows, and you could add a big Fib level like this to this type of consideration.
When I first created a sort of positioning scale I included DXY longs in the total exposure level and quickly realized this was a mistake. If I took gains on currency then I'd be less than 100% long on USA stocks in a bull stampede market. So that is why I switched to currencies & commodities on a separate scale. But really '2' doesn't reflect my real opinion as comments have been massively bullish $USD since early October, and this was repeated several times (please check tag).
Anyway, last night I mentioned that YR1 is a "partial take" but The Pivotal Perspective is a clear hold above the level.
EURUSD is breaking down out of the 18 month range as I thought it would. This is happening several weeks after USD but there it goes. A false break would visit below, suck in shorts, and quickly reverse. This doesn't appear to be false and anyway with DXY above YR1 then it is long and strong DXY and avoid / hedge / short what is negatively influenced by DXY strength.
Red line is the 2015 low. Below that no pivot support until 1.01-02.