Present US Dollar Up-Trend Remains Intact . . .
The Present Backup in Price is Normal.
The US DOLLAR has had a backup in price that has some scratching their heads wondering, if this is the turn-around for trend?
But, just as I wrote earlier about Bitcoin and it's expected backups in price, the US Dollar can have it's backups as well and, still hold it's current trend in the process.
The first such area of pullback would bring us down to as low as 93.20. If that support area is violated, then, a larger downswing to the support area of 92.80 will be in operation.
Any break in price below the 92.80 level will be the start of a long-term downswing for the Dollar. - George.