The US dollar index is breaking below 94 and shows signs of rejection at the Weekly Kumo (cloud) resistance. This justifies a pullback towards 92. This is not the time to be buying dollar but if you are bullish, you'd better wait for a pullback. I prefer to be short on the dollar.
Black line - horizontal resistance
The Dollar index reached the previous high where the black horizontal line is drawn. There was a confluence of previous high and cloud resistance at that area and bulls got rejected at that area. I believe the entire move from the 2018 lows to 95.20 is complete and we should see a resumption of the down trend in the US dollar index. The important weekly support is at 92. A break below it will open the way for new 2018 lows.
