Quotes from Societe Generale Cross Asset Research:
-After retracing from the multi decadal trend line resistance at 95.80, the Dollar Index has witnessed a sideways consolidation. Monthly stochastic indicator is at a pivotal ceiling highlighting 95.80 as a key resistance.
-Currently the pair is at the upper limit of a pattern similar to a triangle (95-93.65/40). Daily RSI has bounced from a trend line support however the range bound action persists. Only a definite break above 95.80 will confirm next leg of uptrend. Triangle support at 93.65/40 will decide about a deeper retracement.
