The steep up trend line for the USD appears to have been broken. The caveat, for me, is the approach to that horizontal one:
I am sure readers of ForexLive can do better than me, let me know in the comments!
FWIW I am suspecting that while the steep uptrend is over, it’ll faf around for a while before establishing its next direction.
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Sticking this in too …. that first year of Trump’s Presidency #1 was a downtrend for the USD:
This article was written by Eamonn Sheridan at www.forexlive.com.
