Dollar should pullback before rebounding

Dollar should pullback before rebounding

With the reversal in SPY yesterday, I have to revise my dollar forecast. The dollar broke the unsustainable uptrend line A. While the confluence of dollar candlesticks does look like a flagging pattern, notice how the dollar has reacted in previous similar flagging pattern type situations. I would expect the dollar to fall back to support at 85.3 and/or trendline B and then continue upwards to the 88-89 range as previously mentioned.

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