The Dow Jones-FXCM US Dollar Index
has been consolidating for the past 24 hours ahead of the FOMC minutes later today, and recent price action suggests a triangle formation that may be used for trading major currency pairs. There's a decent support at 11,965 points that currently supports a bullish
biais on the greenback. This means that the euro
bounce initiated last night may come to an end if the dollar breaks its triangle resistance.