‘Dueling impulse legs’ characterize the daily chart at the moment, albeit with a slightly bearish bias. The clear implication is that the down-leg begun on Friday from 82.99 is likely to reach a minimum 81.53 before reversing. A tradable bounce seems very likely from that price because the pattern is so clear, and so I’ve recommended bottom-fishing –with as tight a stop-loss as you’d care to apply.  Please note that if the support should be breached more than slightly — i.e., by 0.06 points or more — it would suggest that a larger downtrend with potential to 81.32, or even 79.08, is in play. ______ UPDATE (10:42 a.m. EDT):  After taking a whoopee-cushion rally off 81.66, the Dollar Index is sinking once again, presumably to the 81.53 target or lower. _______ FURTHER UPDATE (11:12 a.m. EDT):  81.33 hit on the relapse and is holding, albeit precariously.