Two Stories for Two Trend Lines

From marctomarket.com

The Dollar Index made a marginal new high for the year at the end of June a touch below 95.55. It fell through the start of this week when it reached nearly 93.70. With the earlier gains, the Dollar Index briefly traded above the 61.8% retracement of the pullback (~94.85). A move now below 94.20 would be disappointing. The Dollar Index is not a trade-weighted. It is too concentrated in Europe and does not include two of the US top four trading partners Mexico and China. It does not appear to be used by corporates or many asset managers, like mutual funds, insurance companies, and endowments. It is primarily a ... (full story)