Dollar Index

The dollar index bounced in a-b-c and after that has been hovering near the upper Band for days, This is also near the top end of the falling channel for the trend of the last few months. Drilling down to the hourly chart below we see wave c developing a triangle at the end of it near these highs. Triangles are time consuming patterns but once complete result in trend. So with wave E of the triangle done last night unless we breakout of the upside of these patterns the next move should be lower for the dollar from here breaking the triangles lower end into a trend.