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Dollar support... giving way?

|Includes: EUO, UDN, PowerShares DB USD Bull ETF (UUP)

To update my running commentary on a potential US Dollar bounce... well, it's not looking so good.  After steadily establishing a series of new highs over the last few months, this morning the dollar is breaking below its trendline support.

 

It's still early in the morning, and rally would actually wind up creating a bullish chart... but if the US Dollar winds up closing in this area and confirming the weakness tomorrow, it's another sign that the equity and commodity markets may be setting up for a push higher.