The EUR/USD is attempting to break above the bullish falling wedge pattern. A move to any of the above targets (T1–T3) would likely give a boost to commodities & precious metals. Likewise, the USD/JPY (US Dollar/Yen) pair looks poised to drop about 9% from yesterday’s highs. With the Euro & the Yen comprising the bulk of the US Dollar index, if my analysis is correct, that long overdue correction in the dollar has finally begun. That, coupled with the fact that Silver & Gold have both recently broken above the previously highlighted resistance levels adds to the near-term bullish case in the precious metals & mining sector.