The Dollar index is showing signs of a possible reversal and resumption of the larger bearish trend. Is the bounce in the Dollar index over? Too early to tell and we have to be patient and confirm only on a break below 91.50.
The Dollar index has broken below the short-term neckline of a possible head and shoulders pattern. Key resistance to cancel this pattern is at 91.95. A break above it will open the way for a move higher towards 92.30. Support is now at 91.50.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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