Dollar still trading near key level

The United States Dollar Index although recovered some of its losses, is still below the descending trend line.

Even though the Dollar is trading below the 105.0 key level, price is still trading relatively close to the level.

Upside potential is still possible if the Dollar managed to trade above the 105.00, invalidating the descending trend line and shifting the 105.00 level from resistance back to support level.