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The U.S. Dollar took months, per creating a series of higher lows back in 2008 at (1) in the chart above. On a very micro basis, the Dollar could be attempting to put in a series of higher lows again at (2) as it is making an attempt to break to the upside from a bullish falling wedge. This is an update to this dollar post (see post here)
A few days does not make a trend NOR PROVE A THING……..yet this pattern should be respected for what it could mean for the Dollar and many other assets around the world, if a breakout actually does happen as it backs and fills…. a breakout should be watched a little closer especially with Dollar bulls around the 7% level!