INDEX:DXY U.S. Dollar Index
With EURUSD below a long-term trend line at $1.143, I'm currently interested in a dollar setup for the end of the month. The reason why EURUSD has reached higher this past week is due to the dollar's weakness, but I think this is a fake move. The Dollar Index has a major support level at 93 points, which I expect will allow for a new dollar bounce starting next week (it needs to be tested first). Once tested, I expect the dollar to start rallying like last summer. This should present the ideal conditions for initiating long-term short positions on EURUSD below $1.14.