Someone in the chat room mentioned seeing something unusual in the daily chart, but I can find nothing of interest myself. Although I am hard-pressed to come up with reasons why the dollar should remain more or less stable for an indefinite period, ‘dueling impulse legs’ on the daily, weekly and monthly charts suggest that the picture could remain boring for weeks or even months. While a breakdown below 70 seems unlikely any time soon, it would take an upthrust exceeding 92.63 to end the bear market begun nine years ago.
