The dollar has risen moderately in the last month, but the rally so far has fallen well short of the threshold needed to put the 115.92 target shown (see inset) in play. That would require a print at the green line (97.24), which lies about 5% above current levels.  Even that wouldn’t suffice to generate a bullish impulse leg on the weekly chart, however. That hasn’t occurred in nearly a year, and it would require a thrust exceeding the 97.87 ‘external’ peak that I’ve labeled. My long-term outlook for the Dollar Index is quite bullish and calls for an eventual test of a peak near 121 made more than 15 years ago.  As things stand, though, we can set a snooze alarm to ring if 97.87 is surpassed, since anything short of that will be just noise.