The Dollar index bounced as we expected towards 101 and a bit higher. Trend remains bearish as price remains inside the bearish channel and I believe this is another shorting opportunity for the Dollar index. I do not believe we have seen the lows in the index and we should prepare for new lows.
The Dollar index is trading below the Ichimoku cloud on the 4-hour chart. Short-term resistance is here at 101.50 and support at 101. Breaking below 101 will increase the chances of my bearish view for a new low towards 100.
