The next days may be critical for the dollar index. If markets defend around 96.30 and aggressively break through 96.15, there may be a significant downward move on the dollar. Another target on the dollar index is 95.80, 95.50 and 95.20. It is worth paying attention to the fundamentals, in particular, the situation in Italy. If there are serious problems related to Italy, it is likely that the downward scenario on the dollar will not work.
Bartłomiej Chomka