Dollar broke above falling resistance this past week, that has been in place for over a year.  For any product/asset, the ideal situation is a breakout, then a decline that tests the old resistance as support. 

If a rally in the Dollar is to take place, this is an ideal price point for it to do so, because it is testing the old resistance as support at (1) today. This is a great price point to long the Dollar with a stop a couple of percent below support.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past