A look at the chart of the DXY shows the Dollar basket kissing the lows of Feb '13 and testing all the way back to levels that were established in early 2012.

Inverse-short-euro-etf

The DXY (UUP, quote) hit the 79.00 level were it formed  resistance back in September of 2011, then became a support level that has held since 2012.

We have advocated trading the range over the last nine months with 79.00-81.00 being tradable bookends for those looking to utilize leverage and options.

This morning...

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