Todays outlook on the USD Index

H4 chart

Double bottoms is yet to trigger. The 21EMA is playing as dynamic resistance. Seeing that the market is still down its important to wait for a higher high beofre considering to buy. Stoch is near overbought suggesting that price might give a further drop. If price breaks resistance marked with pink line we are expect a test back as support to buy. Note, the pink area above WS1 is resistance where bears are likely to re-enter

H1 chart

Price opened at DM3. The target for the day is DM1. With a dropping stoch this is very possible. A break above 99.75 would trigger our pattern on H4

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