The dollar is in a clear uptrend and has consolidated in several downward sloping pennants (a and b). In addition, the dollar is in a solid uptrend at point c. However, there is a strong fundamental reason for the upswing, largely caused by the situation is Greece which is leading to a flight for safety. In addition, notice the dollar and the euro are inversely related:
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The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.