Relapse for Terminally Ill Dollar

Relapse for Terminally Ill Dollar

from Grandich’s Blog by Peter Grandich

As anticipated, the countertrend rally for the U.S. Dollar sputtered out in the 1st quarter of 2011 and has returned to it’s terminally ill ways. After making a triple top in the 88-89 area last summer, the U.S. Dollar has made lower highs and lower lows and finds itself teetering at key support. Keep in mind this has been happening during a series of fundamentals that were suppose to make it’s supposed “Safe Haven” status alluring.

As previously suggested, I see new lows below 70 on the U.S. Dollar Index by 2012.

Good Night Gracie!

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