Groping for a bottom, the Dollar Index has already triggered one false ‘buy’ signal this month. A new signal would be generated by a 106.06 print, but we’ll need to monitor the lesser charts if and when it gets there to determine whether the rally is for real. If so, that would imply minimum upside thereafter to at least 107.46, the midpoint Hidden Pivot resistance of the pattern shown. If the trend pushes easily past it, we could be looking at new highs by mid- to late September. _______ UPDATE (Aug 15, 8:00 p.m.): The decisive pop through 106.06 implies the rally is bound for a minimum p2=107.46. _______ UPDATE (Aug 18, 9:41 p.m.): And now today’s pop through p=107.46 strongly implies that p2=108.87 will be reached. That will of course set up a test of July 14’s importnnt peak at 109.29. Keep D=110.27 in mind if and when p2 gives way.