The U.S. dollar index is a basket of six major world currencies weighted against the greenback. See on the daily bar chart that the USDX hit a 12-month high last week. Price action has been choppy recently, but the USDX bulls still have the solid overall near-term technical advantage. The path of least resistance for the USDX remains sideways to higher, which also extrapolates into the Euro currency trading sideways to lower in the near term. Stay tuned!