Analyzing Dollar Index is somthing every trader should do no matter if he or she trades it. The Index affects many pair in our portfolio so having a view on where is about to head helps us in our trading decision. Looking at the 240min chart we may see that obviously is in a downtrend, moving into a descending channel and is now testing a key resistance level, the sliding parallel of the median line. Switch to the hourly chart and wait for a brekout below the correction. Then watch for a sell setup completion which most likely will make Dollar Index drop
Hourly structure:
Hourly structure: