On the 4-hour chart the US Dollar Index appears to be moving in a bearish channel and is below the Moving Average so that in the near future #USDX has the potential to continue its decline below the 101.50 level as the main target and 101.27 as the second target, but if before succeeding to the target levels mentioned earlier, suddenly #USDX reverses upwards and breaks above the 102.87 level, the downside scenario described earlier will cancel itself.
(Disclaimer)
