Yeah good point about fx vs stocks - makes fx all the more worthy of thought, well actually double the thought.
On the monthly it's interesting to note that USDX /Eur/Usd made a turning point beginning of this year, just as Mr Trump came into power with a 'I want a lower dollar' mantra.
So guess who is choice for Fed chair will be Powell - USD negative.
Now having said that Mr Trump is no easy guy to second guess.
Then EURX monthly - higher highs and higher lows from way back mid 2015, - a real push up in the past 7 months.
So you are correct re the knife, it's just that most guys looking at the 15min see a dagger fall from the sky today.