I’ve written about the US Dollar Index (DXY) 102.50/60 area a few times this month. It’s a key horizontal, the golden pocket, and the bottom of a short-term descending channel. We saw the DXY defend 102.50 last week with a bullish pin bar on Thursday. Bulls followed through on Friday, but the dollar bull case has faltered a bit since then. However, the dollar index is still holding above that 102.50 support region, and last week’s low is untarnished. Additionally, the DXY is attempting to break out of an hourly trend line from March 15th. There are three touches off of this descending trend line since the 15th, and ... (full story)