Dollar index is still holding on to 90 psychological support for the moment, even though the greenback is trading as the worst performing one for the week. The level coincides with 38.2% projection of 102.99 to 91.71 from 94.30 at 90.00. Though, as EUR/USD has already taken out 1.2177 resistance, selloff in Dollar could take off any time.
In the bearish case, next downside target will be 61.8% projection at 87.34. Though, rebound from current level, followed by break of 91.23 resistance should indicate short term bottoming and bring rebound. Down trend extension would then be delayed to the early part of Q1.
