RSS Has the US dollar topped, or is it just resting? Battle of the trend lines.

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 RSS Has the US dollar topped, or is it just resting? Battle of the trend lines.

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The steep up trend line for the USD appears to have been broken. The caveat, for me, is the approach to that horizontal one:

I am sure readers of ForexLive can do better than me, let me know in the comments!

FWIW I am suspecting that while the steep uptrend is over, it'll faf around for a while before establishing its next direction.

***

Sticking this in too .... that first year of Trump's Presidency #1 was a downtrend for the USD:

This article was written by Eamonn Sheridan at www.forexlive.com.
Click to read more...
 
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