DXY – NYBOT Dollar Index (Last:85.45)

NYBOT Dollar Index (DXY) price chart with targetsJune’s three-week slide is bearishly impulsive on the daily chart, but there’s not enough clarity on the intraday charts to map out the swing lows DXY is likely to carve out on the way down. My guess is that the next big leg will achieve a minimum 83.86, an approximately 2.3%  fall from these levels.  If so, the crucial midpoint support lies at 85.14, and a bounce off it would tend to corroborate the target itself.  _______ UPDATE (9:58 a.m. EDT):  DXY has bounced from 85.21 — close enough to the midpoint support for us to infer that the Hidden Pivots are working.  A decisive breach of 85.14 should therefore be regarded as a warning of an imminent fall to 83.36.