The instrument is trading in the support zone , at the bottom of the price channel .
Globally, the instrument looks long.
At the moment, the currency pair rolls back to the level of 1.19,
I think that after the pair will retest the lower border of the channel, after which it will continue to grow along the trend.
Key point - resistance...
US DOLLAR INDEX has been on a long term downtrend since 1986.
Price has been consolidating in a rectangular pattern at the downtrend channel resistance.
We could see a bounce off the rectangular pattern support ⬆️ or a breakdown below the pattern support ⬇️.