The Dollar index has started a bullish reversal. This reversal will be big as long as we hold above the 91.90 lows. This reversal has the potential to bring the index even towards 96-98 but it is still too early to tell. For now we have an impressive daily bullish hammer pattern and if this week ends like this we could have a bullish hammer in the weekly candle.
The price is below the Kumo (cloud) on the 4 hour chart. The price has broken above the kijun- and tenkan-sen. Support is at 92.80. Resistance is at 93.40. The stochastic is overbought and this could justify a pullback.
