USDX (US Dollar Index) Daily Chart
Why am I posting this chart if I do not trade USDX?
– The dollar sell-off was broad-based so I took a look at a composite USD index
– EURUSD makes up 57.6% of USDX and can be an indicator for this pair
The two blue AT blue lines were a sign of a shift in directional risk to the downside and you can see how this played out.
The break of 1.0332 exposed 1.0779 as the next key target, so far it has paused just above it.
Look for a pause if 1.0279 holds but only a move back above 1.0332 would negate the breakdown.