I’m not sure why everyone seems to be bullish on the dollar these days. When you look at the chart below it’s still on life support as it’s just barely made it back to resistance, which is the lower trendline of the massive 3 year symmetrical triangle pattern.
In fact, with the RSI below 50 it’s still very much bearish and I would even give it room to run up to the 60 level before falling flat on it’s face.
I would love nothing more for the States to have a strong dollar but it’s virtually impossible … [visit site to read more]
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