Dollar Index should consolidate a Cup & Handle pattern

The USDollar index seemed to soften in the past week, also due to an unwinding incipit of the short Yen trade. However, the DXY chart seems to have shaped a bullish cup & handle pattern that should consolidate on the support area, DXY 103.75. The next risk-off stock market correction could see a further strengthening of the USDollar Index up to DXY 115.