Even though the US dollar and euro seemed to have had decent moves in the past 6 months, the 30,000 foot view of both reveals that they are at the same price point as they were 11 years ago.
Both have done nothing more than trade sideways, inside a channel for the past decade. Jason from Sentiment Trader shows that sentiment toward both is at extremes.
If King Dollar breaks resistance, it could be a portfolio game changer.
What happens here -- breakout or failed break from channel -- could well become the most important currency event in a decade. What these two key currencies do going forward will tell us a great deal about owning commodities (Gold, Silver and the Miners) and whether or not deflation has run its course or is about to pick up speed.