USDX 4 HOUR CHART – Head Fake
A bit of a head fake after yesterday’s weaker USD close that has so far failed to follow through.
Using USDX as a proxy for the EURUSD (57.6% of the index), the bounce off the 100.55 double bottom would need to get through 100.94 to suggest a pause and then through 101.57 to indicate the bottom is in place for now.
In EURUSD 1.1150 is the obvious bias setter.