The dollar has seen little action through the US session and is finding a comfortable range between the upper Bollinger band (resistance) and the 50EMA (support).
Current price action continues to favor cyclical models and trend models remain at a higher risk for failure. Selling tops and buying bottoms is favored at this time. Current price levels are nearly neutral and additional gain in the index or time spent consolidating at current levels will need to be seen to mark a top in the cycle.
Risk Metrics Models: RM levels remain soft after relatively flat trading. I would expect the early Tuesday sessions to remain quiet with little chance of a strong break-out.
4hr: Neutral, 2hr: Bullish, 1hr: Neutral