Price found temporary resistance right below the 1.1700 level and could lose altitude as the USDX is trying to recover as much as can before the FOMC Statement. However the perspective is bullish as long as is located above the median line (ml) of the ascending pitchfork, only a valid breakdown will signal a reversal.
Technically, is somehow expected to decrease at least till the median line (ml) after the failure to reach the 1.1712 long term resistance and the upper median line (uml) of the ascending pitchfork, but unfortunately the fundamental factors will drive the price.
