US dollar index (DXY) is having a major support at 93.80 in the weekly chart, with prices forming bullish patterns near the support line and bouncing.
As shown in the chart below, A,B,C and D are the points where dollar index has received support and is reverting back.
Now at point E, DXY made a bullish engulfing pattern and prices are expected to revert back to 96.23 levels as per the expectation. Closing below 93.80 will invalidate the pullback expectation