The Dollar index is pulling back as we initially expected at least for the short term. Price is holding above the short-term support of 95.20-94.95 area but I continue to believe we might see a deeper pullback towards 93.30 if support at 94.35 fails to hold.
Blue lines - bullish channel
The Dollar index has broken out of the bullish channel and is testing Kumo (cloud) support. The tenkan-sen (red line indicator) has crossed below the kijun-sen (yellow line indicator) providing us with a short-term reversal signal. My short-term target is the 38% Fibonacci retracement.