The Dollar Doom Chart

Trade weighed U.S. dollar versus all currencies. I expect the DYX will eventually move, but first emerging market currencies will lead the way down. If emerging market currencies remain more volatile and DXY hits 100, the chart below will hit a new two-decade high.

Dollar bears are looking at a 4 to 5 year H&S pattern forming with the right shoulder ready to descend towards the neckline. That's the effect of the euro. The overall elevation of the index comes from EM weakness.