The Dollar index makes a small pull back but the overall trend remains fully bullish. There is no sign of a major trend reversal and there is no indication that we could have reached the end of the upward move.

Red line = resistance

Green line s= price channel

The Dollar index remains inside the upward sloping channel and above the previously broken resistance at 84.80. A pull back to back test the break out at 85 is very possible but I believe this would be a buying opportunity. The trend remains up. Price remains above the Ichimoku cloud.

Red line = resistance

Blue line= support

The longer-term trend remains fully bullish. The parabolic rise does not give many opportunities to enter long but it is very dangerous going against trend and shorting this index. I prefer to wait for a pull back towards 85-85.10 to enter long than go short. This up trend is very strong and I would not bet against it specially now that we have broken above the long-term important resistance of 85.