The Dollar Index pulls back

On the daily chart of the Dollar Index we can see that the instrument has pulled back beneath the 200 day EMA, blue line, around the 99.28 level. The previous candle is in the shape of a shooting star, which is a bearish reversal pattern. If the following candle is also bearish, then the index may continue falling maybe trying to visit the 98.41 level, which could act as support. Next week we don’t have a lot of fundamental data out of the US, but movements on the Euro or the Pound may influence the Dollar Index. Another possible scenario is that the index may stay consolidated around the 200 day EMA without taking a clear direction. To the upside, the index may try to go and visit the 100.00 level, but a much better resistance could be the 101.51 zone, followed by the high at the 102.16 level.