Yes it's breaking down and looks horrible, but it's very oversold and just stabbed through the monthly support channel. It has a few weeks to regain it, and I think that's what's coming. Target is 110ish.
Comment:
dollar may make one more low, but it should start to climb back very soon.
Comment:
back to the weekly trendline. Getting over this and the monthly will look like a false breakdown.
Comment:
Dollar coming up to resistance now. The Monthly support held.
