Since Nov 30 dollar index has moved up where as it's 25 day ROC went down. Looking at the chart it seems serious divergence & $ can correct from here against basket of other currencies. I prefer going long on Euro particular from here.
ROC(25 days) shows that up move in the dollar is about to come to an end (at least for next few days) so shorting dollar against Japanese Yen & Euro looks good trade here.
us dollar currency index have bullish walf wave setup so yellow line take long red line as sl and green line as trg ....
Has a bearish overtone, although there is no breakdown from the triangle pattern