FX.co ★ The Dollar index continues to follow the plan.

The Dollar index remains in a bullish trend making higher highs and higher lows. Price continues to trade inside the upward sloping channel forming new multi week highs. When price was trading around 89-88 we called for a reversal to the upside similar to the one back in 2017.

The Dollar index is breaking to new highs. Bulls remain in control of the trend. The RSI is about to make new highs as it approaches overbought levels. This is not the time to be buying Dollars as a pull back is justified because in the intraday charts we observe bearish divergence signals. Bulls need to protect their gains.