US Dollar Index: The Index remains biased to the downside as long as it continues to hold and trade below the 80.09 level. This leaves the risk of an eventual return to the 79.82/28 levels with a breach of here turning attention to the 78.53 level. A violation of this level will call for a run at its psycho level at 76.00 level. The alternative scenario will be for the Index to return to the 80.09/49 levels. Further out, resistance resides at the 81.18 level with a break above here allowing for more upside towards the 82.72 level. All in all, the Index continues to face downside vulnerability in the short term though facing a recovery threat.
