From its 74.97 low in mid-October, the US Dollar Index has bounced 1.8%. Occasional swings of a percentage point or two are to be expected, as markets never move in a straight line. So this latest bounce is not significant and in fact is hardly noticeable on the following chart.
This chart remains bearish. Both the long-term and short-term trends of the US Dollar Index are pointing lower.
We last lowered the stop-point on our short position in September. I suggest keeping it at the same level for the time being. For my specific trading recommendations, see Trading.