Dollar Index broke a major downtrend yesterday. Delayed stimulus package deal, increasing election and Covid-19 risks, and finally PEPP expansion signal from ECB woke dollar bulls from their sleep. But it is not over yet. 94.650, the last major resistance level near the current price is going to be critical for upside moves. If that resistance break above too, we can see a mid-term uptrend for some time which likely to target 200-day moving average and 98.825. But before that, there can be a backtest to break the trend line.
If 94.650 resistance holds and price fall below broken trend (currently at 93.200), 92.130 level can become an important support.
