NEW YORK (TheStreet) -- Last Thursday, I penned a story on the possibility of the U.S. dollar weakening (DXY).

Since then, the DXY has inched down, and the Currency Shares Euro Trust(FXE) - Get Report has inched higher.

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In this line, close-only chart of the FXE, one can see five attempts to move higher. The first time was in May, followed by attempts in June, August, September and now.

The old saying is that the third time is the charm, but it looks like the fifth time will do the trick.