Dollar Headed Sideways

Dollar Headed Sideways

As predicted, the dollar bounced at 85.3. However I was expecting a stronger bounce than this. In particular it appears that the dollar is unable to break above trendline A. This indicates that the dollar will trade sideways for a period of time before making a significant break to the upside. During the sideways movement, the dollar may trade as low as 85.3 and as high as 87.5

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