as per notes on chart, T2 remains my favored final target from the falling channel breakout previously posted. however, i did add another level not too far above in case T2 is taken out. although the strong correlation between the EURO and $USD is not as tight as it was for the latter half of 2011, the correlation still does exist to a fair extent and i would expect equities to pullback if and when the EURO does. one other thing to note is that a full re-test of the H&S breakdown (neckline on the blue annotations) is not too far away either.
