EUR/USD bounced off the trendline crossroads we noted yesterday and has just rallied through a smaller bear TL on the 1H chart. Just ahead is the 34-day EMA at 1.2340, but we may take a long on ahead of this level on some consolidation here. AUD/USD is again trying to beak the down channel on its 1-4H charts as it presses the upper boundary now at 1.0500. Oil is up and trying to clear critical resistance at $95. A break here opens the door to another $1.65 to the 200-day SMA at $96.65. Such a move could promote risk appetite, but as we noted last night the correlations inter-market are upside down this week. So, we will only use correlations as a very low grade analytical tool right now and worry much more about the behavior of each individual currency.