This doesn't look good
US 10-year yield just ticked below the June low. They're down 8 bps to 2.13% after today's reports on CPI and retail sales.
This is probably the scariest chart for US dollar bulls.
With the latest slide, there isn't anything standing in the way of a fall all the way back down to the election night low.
So far, there was just a minor break below. The good news is that the Fed could save the day and prevent a close below the June low and help to create a minor double bottom. Stay tuned.
