The dollar blew past the 104.03 ‘D’ target of a minor pattern we were watching on the hourly chart, so I’ve deployed a bigger one with a midpoint Hidden Pivot resistance at 104.65 that looks likely to show more stopping power.  It will have the help of an ‘external peak a nickel above that was recorded on May 31, but if both fail to contain the rally, the Matterhorn high at 105.88 on March 8 that I also mentioned here will have a chance. My gut feeling is that a major breakout is imminent. If so, the deflationary implications of a waxing dollar would make it even harder for the quacks who run the central bank to continue tightening.