The Dollar Index has gone impulsively bullish on the intraday charts, but we should raise the bar a bit higher to keep our emotions in check. Specifically, let’s stipulate that DXY must pop above the external peak at 77.38 before we infer that something interesting is happening. If it happens in an uncorrected lunge that also exceeds peak #1, we could be fairly certain that were are witnessing a powerful breakout — the beginning of a rally that could last for months, if not longer.
