This is a really substantial breakout. It could have big implications for energy, equities, and gold in the coming weeks. The push above 1.33 has been long-awaited, and now it's finally real.
Just to temper things, I will say the last time we had a breakout was around September 22nd, and that actually presaged the big plunge across the board. One difference, I think, is that the pattern is far better-formed (and longer-term) than then one in September.
