Dollar index (USDX) well off the boil now

The moves noted in the EUR/USD, GBP/USD and the USD/JPY this morning have helped to push the dollar index (USDX) lower. The index got close to the 102 handle earlier this week, but it did not come close to the next technical level, at 102.60. In fact, the index topped out at 101.97 on Monday and it has fallen back further so far today. The breakout above 100 has now given way to a low this morning right now at 100.40. That has not entirely quashed the prospect of the index rebounding again, as long as it more or less holds onto that 100 handle. There is rising trend line support in place today just below that level. To be honest that rebound is certainly more doubtful now than at the start of the week.