Last 6-7 Weeks Dollar index tried really Hard to break the Strong Resistance .But it failed and they made also False Breakout.False breakout are very Strong.So what does it mean Now ? It means Euro,Aud,Nzd,Gold,Gbp are Going Up.This index finished recent week with a very huge Pin bar.And that is showing that Bigboys lost their Interest in Buying Dollar. Trade at your own Risk and always remember The money Manage is the Only holy grail in Trading.
WEEKLY T line holding price down. Comparing the USDEUR and DXY, which seem to have a STRONG positive correlation, the USD is showing weakness against the EURO. Double top pattern in play with the WEEKLY/ DAILY T line on the most recent swing highs. Lots of high tests failing to push price higher.