US DOLLAR INDEX BEARISH DROP

The US Dollar Index 0.16% is showing significant price rejection on the weekly chart at a prior established resistance level . This suggests the US Dollar 0.16% could be in for weakness - baring any unusual news.

Suggested trade - Find a USD pair showing this pattern on the weekly chart (there may be several.) Drill down to the daily or even the 4 hour to find a good short trade signal (use the strategy of your choice.)

USDJPY Weekly has a similar as US Dollar weekly
USDJPY 1H bullish trend line breakout short
Watch Dollar index on 1H and 4H to follow direction on USDJPY