Dollar Index - Downside remains the path of least resistance - BBH

Having taken out the support at 91.00, the dollar index could extend the decline to 88.50, say Analysts at Brown Brother Harriman. 

Key quotes

• The Dollar Index is slid below the 91.00 low set early September last year.  A convincing break warns of potential toward 88.50. 
• Another technical calculation suggests that the chart formation since September projects toward 90.00.  
• The euro is stretched and below the lower Bollinger Band (~91.25). This and the Slow Stochastics suggests some near-term caution may be in order, but the RSI and MACDs warn that the downside remains the path of least resistance.