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The Dollar index is in a bullish short-term trend. Price is breaking above the Ichimoku cloud in the 4-hour chart while price has formed a W-reversal pattern.
On a daily basis, the Dollar index has broken inside the Daily Kumo. Trend has changed to neutral. Resistance is at the upper cloud boundary at 91.35. For a bigger bounce bulls need to break above the cloud. On the other hand, Dollar bears will need to see price close for at least one day below the cloud (below 90). For now bulls seem to be gaining control of the trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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