The Dollar index remains in downtrend. Prices are making lower lows and lower highs. The index continues to trade below the short-term downward sloping red trend line and below the Ichimoku cloud. This is not good for bulls. Resistance is found at 80.35 and support is at 80.20-80.15.
A break above 80.35 could push the index back towards 80.50-80.60. Breaking below suppot we should expect the selling pressures to push the Dollar index towards 80 and below.
Concluding, trend remains down. I've been bearish since 80.90 saying that I will remain bearish as long as price trades below 81 expecting the index to reach the Ichimoku cloud support in the daily chart. The most probable target is the 50% retracement.
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