09.01.202002:27 Forex Analysis & Reviews: The USD Index Price Daily Range For Thursday, January 09, 2020.

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Source: Instatrader 4

If we look at the 4-hour chart for the US dollar index, we can see that a 123 Pattern (Hoe Pattern) has been already formed. After hitting the Fair Value Gap Threshold at 97.38, the price now seems to be going down to make some a retracement first before the index goes up again to test the Daily SELL Side Liqudity Pool at 97.82 level.

So today the bias for the USD index is bullish.

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