What the world needs is a lower US Dollar. To repay all those US denominated debt, and help stabilize a faltering world economy.
You can see that we caught between two trend lines.
A decision is forthcoming.
Looks like the Euro wants to go a little higher. This move up just started for the EURO, unlike the CAD and Pound which have been on a tear in the last couple of weeks.
For the Dollar weaken we need a strong US stock market - otherwise there will be flight to safety to the USD.
I will be alerted when the when the automated algo trend line breaks. I will post the the results.
Thoughts are the trend is down - and continues.
Comment:
DXY moving up - upper support broken