Well price is in this tight one pt channel of 81 to 82. It could pullback to the breakout pt of 80.43 or even a little lower to the top of that broken downtrendline. BUTTTTTTTTTTT "IF" price clears 82 man oh man that would really trash all the inverse markets badly. You definitely don't want to be on the wrong side of the DX breakout/breakdown. This 82 major resistance level goes back a long ways (Nov/Dec/11 and the Jan/12 top) and if cleared could really run up and trash everything else in its tracks. A breakout over 82 would likely see a run back to the late 2008 high of 89 and again in March 2009 that saw everything else get trashed with the run up in DX. It was almost matched again in June 2010. Nothing wrong with the 12 month uptrend in DX presently either. But just watch 82 to be cleared for a hint of what's next.......... Only thing that makes me question the possibility of a DX breakout over the next few months is the U.S. Presidential election only 5 months away. And we all know what Ben and the boys are capable of doing to support a market. So you pays your money and takes your chances it seems. And keep in mind that preservation of capital is always job#1. So let the DX chart decide what's next.
Here is a chart of the Euro which is also in a congestion area and spinning its wheels. And keep in mind EC has been in a pronounced bear market for a full 12 months now. A continuation of its bear market will see the Jan lows broken. Just something to think about.