Dollar Bears Eye a Break Below 101.60U.S. Dollar Currency IndexTVC:DXYFOREXcomThe US Dollar Index looks to be coiling in a descending triangle on the four-hourly chart, with the downtrend from the highs set earlier this week converging on horizontal support at 101.60. Given the coiling price action and where the triangle has formed, it points to the potential for a downside break, putting 101.03, the low set on October 1, on the radar. A break beneath 101.60 that sticks, preferably followed by a back test and rejection, could open the door for short positions with a tight stop above the level for protection, initially targeting 101.03. While downside momentum has been easing recently, as seen by RSI (14) gradually trending higher, it still marginally favours bears over bulls. For now, though, more weight should be placed on price action rather than the momentum indicators. Good luck! DS