US Dollar Index might have formed a bottom at 92.52 today or could be close to forming soon. The index is seen to be trading around 92.95 as we prepare to publish but a break above 94.00 would be required to confirm a bottom in place. The US Dollar Index might be completing a larger degree expanded flat structure and might resume higher towards 98.00 in the near future. Alternately, a drop below 92.52 would be bearish and push prices towards 91.50 handle before finding support again. Having said that. probabilities remain high for a bullish reversal soon.
Remain long, stop @ 92.20, target is open.
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