Ipso Facto the Dollar Index is in a Bull Market.

I know this is very non consensus . But I am challenging the pervasive idea the the Dollar is toast.

Daily FXE ( the Euro etf)

After a strong 2017 16% run up vs the Dollar it has a very clean identifiable H and S Top…complete with backtest
16% is huge move for a currency vs the dollar…one would expect AT LEAST a 32% Fib retrace …no ?

Weekly Euro

Monthly Euro

Speculative of course but this has some good stuff for Goldophiles…2018 and 2019 would see a good move ( $1500?)

2020 on the other hand could be all she wrote.

Personally I really hope this analysis turns out not to play out…I WANT THE DOLLAR TO BE TOAST !

But right now that is definitely not a certainty.