Dollar Breaks Uptrend Backtest Imminent

Dollar Breaks Uptrend Backtest Imminent

One reason I was counting on a SPY pullback so much is because the dollar was at support from the major uptrend line (A), however yesterday the dollar fell below trendline A. So today I'm watching to see whether the dollar will backtest trendline A and whether it can climb back above trendline A. If the dollar can not climb back above trendline A then it is another indication that the low of the pullback from April 2010 highs is in.

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