The US dollar index is now trading at a confluence of trend line and price structure support after the latest leg down for the greenback versus its currency major counterparts. The index has dropped 0.47% over the past week. USDX closed the New York trading session on Friday 31st August at 81.23. This gives a weekly candle closing in close proximity to the aforementioned cluster of support. A move under this area in the new trading week could see increased momentum and further downside pressure on the dollar. The alternative view is that of the dollar index carving out a low at current levels and resuming its longer ... (full story)