The Dollar Index has built a double bottom base and traded higher [Video]

The Dollar Index has built a double bottom base and traded higher. Short-term resistance sits at 100.40, with a small double top forming there. While price can dip lower, support at 99.75 should hold—buyers tend to step in at those levels.

The only time to reverse longs would be a break below 99.30 (preferably on a second attempt and on a closing basis). That would signal a move lower toward 98.81.

So how does this affect the Euro?

We’re seeing a topping pattern. A break of 1.1460 would flip the bias to selling. And yes—it’s hard to switch from buyer to seller. But that’s where trading psychology comes in.

The greatest tool in markets isn’t just technical analysis—it’s the ability to adapt your mindset. Charts don’t care about our bias. The money is made by those who can pivot when price action tells them to.

Do you have what it takes to switch sides when the chart demands it?