The daily chart of US dollar index is showing a descending traingle pattern. It has bounced off the levels of 79 for last 3 months, however each time the height of the bounce is getting less. Last week after ECBs Draghi's comments, the EUR fell from near 1.4 levels. The EUR and GBP have been at important levels and still in uptrend. the JPY has been range bound for last 4 months.
It would be interesting to see which way the dollar index breaks out.
The last US NFP jobs report showed significant rise but without the rise of wages so initial USD boost was followed by big USD weakness despite good report.
Looking at these things, it seems more likely that USD index breaks below 79 where a solid support lies and moves towards 75.
Upward break could bring it back towards 85, the top of the channel.
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