Dollar index long view, 4H TF and Fibonacci setup
The dollar index is in a short retreat from the previous high of 109,315 level. We see that we have support at the 38.2% Fibonacci level. Any pullback that ends above the 50.0% Fibonacci level confirms the continuation of the previous trend. A potential bigger pullback could occur to 105,740 at the 61.8% Fibonacci level, a breakout point in the last bullish impulse, and a retest of the support zone.
