It’s looks like a hammer on daily candle at US Dollar Index. It is closed at 74.215, at November 2009 support. 🙂 Will US Dollar index bounce up, or the bear is going to sleep? I am expecting that candle will be valid, then Euro Dollar will start its reversal.
Below is US Dollar Index.
And below is EurUsd, daily timeframe.
Hope both candle are valid for reversal.