The Dollar regains some ground

The Dollar Index has managed to break above its 200 month EMA around the 89.35 level and rallies above the 90.00 level as shown on the daily chart. The last two sessions have been very quiet, but the index may try to continue higher. In case of a bullish continuation, the 91.00 level along with the 55 day EMA (purple line) could act as a resistance. The 92 and 93 round number levels could also act as resistances, but in order for the index to reverse its trend to the upside, it must break above the 200 day EMA (blue line). Regardless of the current pullback, the bearish trend is still in place and there is a possibility of the index coming back below the 89.35 level, but the 88.24 level could act as a support.