Todays review on the USD Index
Earlier I planned on a break above resistance marked with pink line. I also said its important to note that pink area above WS1 is where bears will re-enter there short positions. Price broke resistance of the reversal pattern. We are currently waiting for the test back as support. Stoch is overbought suggesting that price might fall. This is relevant as we are looking for a test back as support. The number of bears that might re-enter is unknown so price might drop below support. But its important for bulls to stay on alert for the first entry.