if the dollar keeps going up, then 100 will be a very solid resistance. if it pokes above 100, it will be a fakeout, not a breakout.
just my opinion.
Thanks for the valued opinion bear!
1 year chart below:
30 year chart below:
If I read the US$ chart correctly, the breakout was around 94.80 recently after being in a 17 month range between 89.50 to 94.80. Bear, not sure why you think 100 is resistance other than some sort of psychological round number?
Any notion why you think it might be rallying now?
i think the buck is going up, mainly because the euro is going down.
the euro is going down because countries there are reverting back to more lockdown/restrictions, as compared to the usa which is more open. i think that shift to more restrictions in europe is hurting the sentiment about their currency. (not necessarily effecting money supply right now).