The US Dollar Index was again supported by the 20-day MA, underpinning another test of the key 88 handle. Monday's reaction low highlights rising wedge support (typically bearish) and underscores the Greenback's strength vs the Yen and the EUR/USD's struggle to convincingly clear it's 20-day MA. If the 88 handle is cleared and does not trigger a false-break reversal, the next stop could be the psychological 90.00 level. While the bullish structure remains intact while above wedge support at 86.00, the Dollar stands to lose momentum when the EUR/USD sustains a move above 1.28 (20-day MA).
[STRATEGY] LOOK TO SHORT (BUY EUR/USD)
