DXY overshot a 76.91 support by 0.12 points — probably enough for us to infer that still lower prices impend. However, the short-term bearish outlook would be diminished, though not negated, by a morning thrust exceeding 77.51 to the upside. That would create a bullish impulse leg on the hourly chart, setting up a possible reversal of the corrective forces that have dominated since just before Christmas.