The Dollar index bounced off the cloud support after the CPI report yesterday. Initial reaction was in favor of the Dollar but soon trend reversed lower and price broke below the crucial support of 89.60.

Red line - resistance trend line

The Dollar index broke below the Kumo support once again changing trend to bearish for the short-term. Support at 89.60 broke again yesterday and this was a very bearish signal. Resistance is now at 89.60.