Following up on my recent ideas of and and ...Looking at the us dollar index chart, it also confirms that we are at potential reversal zone and a key trading area. We are testing the top of the channel and the horizontal resistance and key high at 12012.
As i mentioned earlier, we need a fundamental/economic catalyst to push the us dollar higher, as of now, we do not have it. So i am in favor of the bearish resumption scenario. However, as a trader i should trade what i see and adapt with what the charts give me, so i would stop and reverse my bias from bearish to bullish on a break above this resistance area.