On Monday the “Power of the Pattern” reflected that the U.S. Dollar was making an attempt to break above its “Cup & Handle” resistance line (see post here)  Below is an update to Mondays chart.


A long-time ago, a Dollar rally had some influence on risk assets.  Is that situation no longer an issue?

The move above line (1) at (2) is too small to be called a breakout at this time.  Should this breakout continue to the upside of line (1), it the has potential to be a real positive for the Dollar!

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