Dollar downside pressure remains HIGH but is still supported

The United States Dollar Index failed to keep its recovery in strength and fell back to low of the lower time frame range.

The Dollar Index downside pressure remain high as the FEDs minutes indicated slowing the pace of rate hikes being appropriate gave a more positive sentiments throughout the market.
A breakout confirmation of the key support region at 105.0 can indicate a shift in the medium to long term trend.