More uptrend from the consolidation?

For the whole of July, US dollar             have been pretty much consolidating after hitting the 1.618 fib resistance level from the lows of 2008.
A break above 98.7 over the next few days would be really bullish for Dollar, and signals a continued uptrend to 104 and 120.

What would the catalyst be? Expectations of a rate hike? More EU woes? China collapsing bubble?

For this trade, I will just short oil             via long on DWTI             ETF (3x inverse crude) in expectation of a stronger dollar. Since oil             have been strongly correlated to Dollar since July 2014 as seen from the chart on the left.

Closed short on oil to re-short later. Getting ridiculously oversold here, overdue for bounce to 51 before more doom.

What about this one?
Yahia.Awes Yahia.Awes
Rate hike for yellen will be impossible if DXY won't fall this will be manipulated if you ask me and bearish div will be triggered.
thank you.Down or up?
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