Browse Symbol Stacks: UUP: usd.wk
USD weekly is in an ugly pattern that would target 85 if support breaks down.
Nice chart. Some food for thought though: look at how unbelievably strong the rally was off 80 to 100. Most chart patterns off a major low do a run-pause-run type of move before finally topping (with a rounded top or H&S top). Since this is the first pause after the "run" phase, don't you think it more likely the H&S top formation will turn into a declining bullish wedge instead? Right shoulders of supposed H&S top patterns more often than that turn out to be wedges that form swing lows and then head higher. At least that's my prediction.
Anything's possible. See the daily before and the monthly after this chart, also posted to ST. Either way, USD is in a bull market. If this support breaks, there should be a trade that is counter the long-term trends.