The Dollar index remains in a strong up trend and has reached the short-term bullish flag target of 92.20-92.30. I believe we should expect a short-term pull back today 91.50 or 91.20. This does not mean that I expect a bigger reversal but only a short-term pull back before continuing higher.
Blue line = support
In the 4 hour chart above we see the Dollar index that remains in a strong up trend. Short-term support is at 91.84. If broken we should expect a move lower towards 91.50 or even 91.20. The blue trendline provides support and I do not expect price to break below it at this stage.
The weekly chart remains fully bullish and despite the pull back I expect, I do not see this chart showing any signs of reversal. Important weekly support is at 90 and if broken the next support is at 86.60. Fully bullish in Ichimoku terms and with potential to continue higher as long as it trades above 90.
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