Revisiting the January call for a lower US dollar

Back in January I posted on a two-pronged reason for a lower USD:

• steep up trend line for the USD appears to have been broken
• first year of Trump’s Presidency #1 was a downtrend for the USD

Here’s a link:

• The steep up trend line for the USD appears to have been broken

I drew a maybe support line now, just under the current rate. Comments welcome!

This article was written by Eamonn Sheridan at www.forexlive.com.