Dollar Headed to 87.6 if SPY Drops to 109.52

Dollar Headed to 87.6 if SPY Drops to 109.52

The dollar found support at 85.3 and has broken the recent downtrend. The dollar may fall back once again to backtest trendline A. If the dollar holds above trendline A then I expect DX to hit 87.6 fairly quickly.

A SPY runup to 111.7 could drop DX near ~85.8. A SPY drop to 109.52 could take DX as high as 87.6

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