we've discussed the dollar index a ton here over the past few months and noted the breakout of the downtrend resistance line in early September. In conjunction with the EUR/USD previous post on EUR/USD it is conceivable for the dollar to give up more gains in the near-term and an interesting target area to us looks like the 77-78 area on the dollar index chart below. a) it's 50% retracement of the move higher off the bottom and b) it's right at that breakout line (blue line). something to keep in mind over the next few days or so.
