Dollar (Update)

The dollar has continued to sell-off from the resistance zone from a few days ago.  Today it closed below a significant uptrend line (9 points).  If we take out the previous pivot low of 85.325 you will no longer have higher highs and higher lows in place.  This would signal a trend change.  I expect the 78.60 retracement level to be tested and provide some support around 86.10.