At the top of a 15yr uptrend on the Monthly.
3 "Technical " reasons I think the dollar is due
For a pullback
1. Monthly RSI around 82
2. 3 straight months outside its Bbands
3. Top of the channel
Looking for a pullback to purple trendline
** Could grind or melt up a little more but 115 also has some tough horizontal resistance **
This is a monthly chart so this could take weeks to play out
3 "Technical " reasons I think the dollar is due
For a pullback
1. Monthly RSI around 82
2. 3 straight months outside its Bbands
3. Top of the channel
Looking for a pullback to purple trendline
** Could grind or melt up a little more but 115 also has some tough horizontal resistance **
This is a monthly chart so this could take weeks to play out
