(Click on image to enlarge)

Is King $ and the Euro facing important breakout/breakdown tests at the same time? It looks like it in this chart.

The US$ trend remains up, as it has created a series of higher lows since the start of 2018. The opposite can be said for the Euro, as it has created a series of lower highs since early 2018.

The US$ is currently testing the top of its 18-month rising channel, as the Euro is testing the bottom of its falling channel.

What King $ and the Euro do at these channel tests, should send an important message to the metals/commodities markets in the short-term!