The dollar index
is looking bullish
on the 1H chart. We have a nice XABCD type zig-zag
formation, with the 61.8% holding up, and the dollar's consolidation between the 50-61.8 being broken to the upside. In addition, we've had the 200 SMA
acting as support all along the consolidation phase. Therefore, we're dollar bulls for the immediate future.