The initial dollar decline might be over.

False breakout ALARM. Do not chase down the dollar from here. Fib levels and RSI divergence at multiple time frames suggests a classic 5th wave fake out today in USDOLLAR index . I expect the EURUSD to be choppy, USDJPY0.13% to continue dropping and reverse later, GBPUSD , AUDUSD are going to suffer the most from this dollar rebound.

*****The labeled 5th wave could be OVER already or a little bit more room to run until 11990. *****