FX.co ★ #USDX technical analysis for April 15, 2015

Weak retail sales published today pushed the Dollar index lower. The short-term reversal has found support at the 38% retracement and we could see an upward reversal from the current levels. A high is close to the previous highs and bulls need to be extra cautious.

The Dollar index has retraced as much as the 38% retracement. We could see a short-term bounce but I believe bulls are likely to emerge at the 61,8% retracement. Resistance is at 100 and this double top is a bad signal for bears.