The dollar formed a swing high on Wednesday and delivered bearish follow through on Thursday. Thursday’s close below the 10 day MA signals that the daily cycle decline is underway. The dollar should now turn the 10 day MA lower as it seeks out its DCL.
We will be watching the 50 day MA for possible support and the formation of a swing low. The dollar remains in its daily uptrend. That uptrend will continue to hold unless it closes below the lower daily cycle band.
Cycle Trading 
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