The Dollar index consolidates

On the daily chart of the Dollar index we can see that the instrument has consolidate during the last four trading sessions just below the 90.00 level and the 55 day EMA. The bearish trend seems to stay in place, but the index has actually no clear trend at the moment. The 89.35 level continues acting as a very good support zone, due to the fact that at that level we can find the 200 month EMA, but the real support is at the low of the 88.14 level. To the upside, in case of a bullish breakout the momentum may accelerate to the upside and the index may rally to the 91.00 level or even the 92.00 level, but the 200 day EMA (blue line), may also act as a resistance.