The Dollar index continues undecided

The size of the real bodies of the candlesticks can show us the strength of the trend. If the bodies are shown as “spinning tops” or “dojis”, then that means that the instrument is very undecided as with the Dollar index. If on top of having small real bodies, the candlesticks also show long shadows on either side, then the instrument is undecided with high volatility. On the daily chart of the Dollar index we can see that the instrument has been oscillating above the 94.23 level. From this point on, the index could break out in any direction, but it seems like it wants to head lower since the 55 day EMA has crossed below the 200 day EMA. If the index breaks to the downside, then the 93.82 could act as support. To the upside, if it breaks above the 95.10 level, then its next resistance could be the 96.41 level.