As you can see we have a strong marked by the blue box, price last week came down to this point which is also confluent with the daily which you can see on the chart.
You can see by the daily candle marked A we have a candle, which often signals a reversal of price.
If you study the same area on EURUSD , we have a similar situation, price has moved up to the daily confluent with the 61.8 fibonacci level.
Fundamentally the eurozone is still a mess regardless of data releases.
I expect to see the dollar print another HH before a possible reversal is seen.
Please comment with thoughts if you like.