Greenback rallies against all major currencies on back of Bernanke's testimony. Precious metals also fell of aggressively. Fed Chairman Ben Bernanke's comments appeared to be less dovish than the market expected, suggesting no QE3. 

The technical picture of the US Dollar Index also provided a level of support around it's 50% retracement level from November's low to January's high, 200dma and most indicators diverging showing lack of momentum to the downside. 

Is this the beginning the downslide in Euro? Well the technical picture and fundamental picture supports the case but it relies on risk appetite from investors and their search for ROI. Look for clear direction and be patient. 

Patience is one of the most important traits for a trader. If the market is telling you to wait and do nothing, then you must listen and sit on your hands, prepare yourself for the next trading opportunity and maintain a focus on what to do next.