US Dollar Index - Technical Analysis: Monday, 13/03/2017 06:25 GMT

The US dollar index declined clearly to break 101.60 and settles below it, and it continued its bearish bias to form double top pattern after surpassing the exponential moving average 100, indicating that the index is on its way to decline on the short term basis, and the first target is represented by testing the important support level at 100.22.

Thus, we expect to witness negative trades in the coming period, and breaking 100.22 will push the index to suffer more losses that reach to 99.12, while surpassing 101.60 will release the index from the current negative pressure and lead to turn back to the bullish trend again.