After the death of George Floyd by the US Law Enforcement, the clashes are raging in major US cities. Mr. President Trump has to hide into the White House Bunker. This situation highlights the burning issue in the US history like the race scandal today. This condition will put the USD index under bearish pressure. From the technical view, we see that the CCI (30) is already moving away from three important levels of 100, 0, & -100 (a Bearish Momentum Sign). USD index has been already moving in the downward slope. Now the Pitchfork channel of the USD Index seems to be trying to reach the Middle line of the Pitchfork Channel. According to the 4-hour chart, the price will raid the nearest SELL Side liquidity Pool at 97.33 as long as the USD Index does not retrace upwards and closes above 98.50.
The overall bias of USD index is bearish.
(Disclaimer)
