Yesterday I published a chart suggesting upside potential for the DJ-FXCM US Dollar Index (see related idea below). The support I proposed didn't really hold (but it didn't really invalidate the overall bullish idea either). I have redrawn my chart and currently see a bullish flag formation. I'm bullish above 11,940 points and am anticipating a run all the way back up to 12,040 points. This should give us a nice bear trend on EURUSD going into the weekend if the dollar is indeed bid tomorrow.
