Has the US dollar topped, or is it just resting? Battle of the trend lines.

The steep up trend line for the USD appears to have been broken. The caveat, for me, is the approach to that horizontal one:

I am sure readers of ForexLive can do better than me, let me know in the comments!

FWIW I am suspecting that while the steep uptrend is over, it’ll faf around for a while before establishing its next direction.

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Sticking this in too …. that first year of Trump’s Presidency #1 was a downtrend for the USD:

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