The Dollar index has a very bearish pattern of trend. The last rally was a 3/8 retracement and can keeps the trend in a strong position. There are three weak thrusts and a lower high followed by a couple wide range days. This gives the appearance of a complete counter trend. The low was 60 days from high and 90 days is October 6th. This could rally to the red line or the previous day high but shouldn?t get much above it as it should hold the ?spacing.?
