Above is the daily chart of USD Index. Recently it has been slumping and has just reached a support level.
We could see that the index dropped below the short-term down-trend red line, as well as the previous low horizontal support. These are bearish indications if they are confirmed, by not being able to get back above the line in few days.
Another support will be at 74.17. This level successfully resisted the index once and support the index once too. It breaks only when there is huge movement in USD. So we can treat it as a strong support.
I expect that USD will continue its bearish trend and reach around 74.17. Then there should be a rebounce.
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