I’d said a two-day close under 85.82 would turn the daily chart bearish, but we’ll give the Dollar Index the bullish benefit of the doubt for now, since it has climbed during the night session from a low just beneath our threshold to a high just above it. We can wax bearish at such time as the 85.82 pivot appears to have become resistance; for now, it still looks like support. If and when this midpoint is decisively breached, it would portend more downside to at least 83.95.
