USDX - Dollar Index

At the start of the day the best two charts to start with are the USDX - Dollar Index and one of the stock index charts, either the mini dow  or  e-mini s+p. Then gold or silver. This gives you a feel for which way the Risk bus is heading.

USDX -
Dollar Index remains confined in a short term downward retracement channel , within the overall weekly up trend.4 hrly indicators are bearish although beginning to lose momentum, Hourly indicators are beginning to turn lower.

Of most interest will be the houly 200 sma and  61.8 fib. We also have the 4 hrly 55 simple at 79.68.
 I am thinking slightly lower first with consolidation around the ma´s before heading back higher.