Dollar consolidating at trend line looking basically like EU upside down. It doesn't have to just reverse and break the low, although possible, but the pattern it is in should at least be due to pull back down to that zone to create more of a combo pattern moving up. Regardless, it looks like it is making a flag at trend line which we would expect. It can break out and go on a tear up anything is possible, but considering all the pairs swing patterns, such as AU, NU, and EU, along with the index I expect them to trap buys and come down. I would think it would shoot out trend line and wick down, but doesn't have to. I can't guarantee anything. Just saying the dollar pairs are over extended and seem to measure and count out to be in very identifiable combo patterns. But you could always just wait till next week and see if it is doing what I am saying and look for setups then.
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