The Dollar index managed yesterday to recover most of its losses and continues to trade near the higher end of yesterday's range. This is a bullish sign that could imply a new high towards 102.50 could be expected as long as price is above 100.70.
A short-term trend is neutral as price is mainly moving sideways between 102-100.70. Price could push towards 102.50 in order to reach the blue trend line resistance. At the same time if the RSI does not provide a confirmation, we should expect a strong bearish reversal as this new high in the index will confirm a three-drive reversal pattern.
