The last thing the US needs is a higher US dollar!
Higher dollar is due to:
1) Expected higher US interest rates
2) Less $USD in the world, as other pay back $USD loans
3) Demand for $USD dollar assets for safety.
4) Expected trouble in the European bank circles.
A higher is dollar is not good.
Below we have a very obvious accumulation pattern, watch this, a break out higher will be on news that wont be good for the world.
"I have yet to find a man, in or out of Wall Street, who is able to make money in (markets) continuously or uninterruptedly. Like anyone else, I have good and bad periods." ~ Richard D Wyckoff
"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig
"It's easier to fool people, than to convince them they have been fooled." ~ Mark Twain
"Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market." ~ Warren Buffett
"By failing to prepare, you are preparing to fail." ~ Benjamin Franklin