Dollar index (USDX) trying to battle back above 100 as the weekend looms

The slide in the dollar earlier today, which saw the EUR/USD reach its highest level since 2022 did of course see the US dollar index (USDX) get hammered. The index fell below the 100 mark and in the process below a whole bunch of lows on the charts, in place just above that level, set last September. Of course that all coincided with the break above 1.1214 in the EUR/USD yesterday. The low seen on the index was set at 99.01. Well, cast an eye on the EUR/USD right now and you will see it is some way adrift from that earlier high now. It is edging back towards the 1.13 handle and that is allowing the US dollar index to push back above that 100 level. Perhaps that will later deliver a weekly close above that price point, or perhaps not. It all looks in the balance to be honest, but one thing does look clear, the wider trend for the dollar has seriously changed this week