$DXY Technical Analysis / Market Report Update #7, May 22 2017.

Dollar index have found support for the time being at the end of a Harmonic Bullish Bat.

I do believe we see a bounce here (In a later post I will look at the Dollar index seen from a Elliott Wave perspective).

I have drawn in a parallel channel. I see the price will test the upper trendline.

The orange line shows my prediction. The only thing I see could interrupt this bearish trade plan would be a double bottom at the level we are at now for the Bullish Bat.

Thanks for considering!

Best to your trading
WSS René