I’ve been bearish on the dollar for a while, but with expectation of a potentially important low near 80. The exact number shown on the chart is 80.04, and, given the high quality of the pattern, I don’t see how this projection can miss.  If the dollar is indeed about to turn we should prepare for a tone change in stocks, gold, silver and bonds, as well as in numerous other, specific vehicles that we track and trade. _____ UPDATE (11:50 a.m.): With a low so far today of 79.86, the target has been breached by 0.18 points.  That is not conclusive, but if settlement is below 80.04, it would put a new target at 79.08 in play. An unpaused move to that price would create a fresh bearish impulse leg on the daily chart, since it would surpass a key low at 79.73 made in late December.