Dollar's Rise is Unsustainable

Dollar's Rise is Unsustainable

This chart shows two uptrend lines for the dollar. Trendline A defined the dollar's up move up until April/May 2010. The dollar rose gradually during this period. Then at the end of May, the European debt crisis kicked it into overdrive (trendline B). The angle of ascent for trendline B is unsustainable and the dollar is close to testing support at trendline B. So I will be watching the dollar to break trendline B so that I can increase my position in USO (oil).

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