What a suprise, the 1.1300 treshold is not in danger. The smallish intraday run to 1.1347 ahead of the FED minutes was sold again quickly. On the one hand hawkish ECB comments in the european afternoon has forced traders to rethink their EURUSD spot rate expectations. But even more hawkish FED minutes in the evening swung the pendulum back to the Dollar.
A 80% probability of a rate hike is priced in for March now. At time of writing US 10 yr Treasury Yield is trading at 1.739% (22.7 bp up since 03jan). That should support the Dollar in the medium term, but so far the response to the run in Yield is more than muted.
Nevertheless the weekly candle in DXY (96.160 dtd unch) is green and I am sticking to my opinion that a final run to the interims high at 97.80 (mar2020) is still possible. Of course the price action will tell us wether I am right. The mid-term support of the Dollar-Index is well defined at the 95.55 december low. Below that level I would get rid of Dollar longs finally.
Good luck,
Sebbo