The Dollar index remains below its important resistance of 96.70 and continues to move mainly sideways. The trend is neutral as the price is trading near its highs. Bulls need to be very cautious as a rejection at current levels will give way to a deep pullback.
The Dollar index is trapped inside a trading range between 96.70 and 95.50. Currently trading near the upper boundary of the range, bulls need to be very cautious in case we see a rejection as this could result in a pullback at least towards 95.50.