The Dollar Index appears to be consolidating in a bullish triangle, but we should note as well that the upper threshold of this formation failed to achieve an 87.25 Hidden Pivot target I’d projected — a mild negative. Because price action is narrowing within the triangle to a decision point, we should expect the dollar either to break sharply higher within the next 2-3 days, or alternatively, to pull back to just above 84. From a Hidden Pivot perspective there is only a bare hint of weakness in the right-hand edge of the chart, but nothing indicative of a serious breakdown.
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