Possible breakout-pullback pattern on the Dollar

The Dollar Index has been in a bearish trend that has taken it to drop to the 200 month exponential moving average, which is currently around the 89.40 level. Actually, when the index reached the 200 month EMA, it broke that level to the downside and made a low around the 88.24 level. From the 88.24 level we can see the instrument pulling back to the 89.40 level as shown on the 4 hour chart of the Dollar Index. Now, the 200 month EMA at the 89.40 level is acting as resistance and the index is trying to bounce once again to the downside from that moving average. In case the Dollar keeps losing ground and its index goes back down, it would have to break below the 88.24 level in order to keep its bearish trend. Below the 88.24 level, its next support could be the 87.00 level. To the upside, above the 89.40 and the 200 month EMA, its next resistances could be the 55 period and 200 period EMAs.