I’ve been bullish on the dollar since…forever, always rationalizing my bias with a deflation-based argument. However, Tom Luongo’s latest newsletter provides a simpler answer, at least for the near term, to wit:  Fed chairman Powell and Eurobank President Christine LaGarde are in a policy battle that the latter can’t win. Although Power undoubtedly is serious about staying tight, LaGarde has gone wobbly out of fear that Europe’s already faltering economy could go down the tubes with another turn of the screw. We’ll be betting aggressively on Powell, and therefore a strengthening dollar, in the weeks ahead, so stay tuned to the chat room (and to your Rick’s Picks email ‘Notifications’) for timely strategic guidance. _______ UPDATE (Sep 26, 6:40 p.m.): We’ve been using a Hidden pivot at 106.32 as a minimum upside target, hut here’s a pattern I like even more that projects to 106.84. As always, an easy move through it would imply the uptrend is likely to continue. _______ UPDATE (Sep 27, 3:41 p.m.): Following a steep upthrust in the early going to exactly 106.84, DXY head-butted the Hidden Pivot several times before turning sharply lower. ‘Where to next?’ will depend on how impulsive the pullback is and how long it lasts, but we can read the trend accurately (and, perforce, profitably) in real time as the retracement lengthens on the lesser charts. The target was two months in coming, so it should not be a pushover. If it is, that will be telling us the uptrend is, and remains, quite strong.