US Dollar Index - Technical Analysis: Wednesday, 17/05/2017 05:07 GMT

The US dollar index succeeded to achieve our waited target at 98.02, and it breaks this level now to trade below it, which supports the chances of continuing the bearish trend on the longer term basis, as we believe that the door is open to head towards our next target at 96.65.

Thus, we expect the continuation of the bearish trend domination on the coming trades, noting that surpassing 98.02 and settling above it might push the price to achieve some temporary gains before turning back to decline again.