The US dollar has now closed lower for 6 weeks in a row which is testing the patience of the bulls. This week the price action cracked the top rail of the horizontal trading range which is a negative, but not confirmation yet the trend has reversed down. There are several more layers of support that will need to be hit before I throw up the white flag and surrender to the bears.
This first chart is just a simple daily line chart which shows the US dollar closed just below the top rail today (friday) at 99.84.
…. for more analysis and larger charts go HERE
