$DXY Dollar Index

The dollar has opened soft Sunday night, giving back about half of the gains off Friday’s retracement low.  The bottom so far has been 88.12, but DXY would need to fall just a bit more, to a midpoint support at 88.04, before we could gauge the strength of the selling. If that last number were to be breached decisively, however, we would infer more downside to as low as 87.24 over the near term.  Alternatively, a push today exceeding 89.19 would turn the hourly chart moderately bullish.