Good pullback on the Dollar

Amid the strong drops that we saw on the main stock indexes in Europe and the US, the Dollar managed to rally versus its main counterparts and pulls back to the upside as shown on the daily chart. In one hand, the Dollar keeps its bearish trend and the 55 day EMA (purple line) is trying to cross below the 200 day EMA (blue line), which is an indication that the drop may continue if the cross is completed. For now the 88.24 level may act as support and the 90.00 as resistance. On the other hand, the monthly chart is showing us that the instrument may have completed a fake breakout below the 200 month EMA and the Dollar index may try to go back up in the midterm.