The US Dollar Index (DXY) remains bullish Looking at the weekly chart, DXY has reclaimed the EMA200 (100.83) and is currently forming a Bullish Consolidation pattern. I still believe the previously mentioned inverse head and shoulders structure on the weekly chart is valid. As long as it holds above the neckline, the next target remains 105. If the US Dollar Index continues to strengthen, it means global liquidity will tighten further, which could put some pressure on growth stocks and risk assets.