US dollar moves into more bullish phase
The Dollar Index has seemingly turned around despite beginning a downward trend last week. The failure to break below $95.07 yesterday followed by the break above $95.62 brings a more bullish light to the currency, and thus I believe we are going to see a more bullish phase leading into the FOMC announcement.
The creation of continued higher highs and higher lows will be the key here, and so far we have continued to see that happen. I am bullish as long as the price does not fall below $95.57. However, I am also aware that the $95.93 level represents a previously notable support level, and thus we could see a short-term retracement lower.