The DXY has been range bound all week.
Currently there is a trendline on the 4H chart and we've seen the USD get a big bounce every time we have reached it. But after Yellen's testimony we once again are supported by the trendline, yet not able to make a meaningful push higher.
There is some risk event up tomorrow, but the likeliness of a breakdown on the last trading day of the week and month seems rather unlikely.
I largely expect the USD to continue to range to finish the week off.
Currently there is a trendline on the 4H chart and we've seen the USD get a big bounce every time we have reached it. But after Yellen's testimony we once again are supported by the trendline, yet not able to make a meaningful push higher.
There is some risk event up tomorrow, but the likeliness of a breakdown on the last trading day of the week and month seems rather unlikely.
I largely expect the USD to continue to range to finish the week off.