This has been a crazy week! A lot of bullish momentum for the dollar. If this keeps up passing the key level of 109.50 we can assume a side to the upside.
I would only consider any sells if i see a nice break of our key level of 109.20.
My analysis from last week spot on, now going for second week in a row! We passed the initial point we wanted which was 108.83. Now we must wait for a retest at 108.83 to look for a rejection or a breakthrough. We must keep in mind that we are in an uptrend, we must favor it, however buyer exhaustion is possible and cant fall down again to retest.
If we look at bigger time frames, we see that we are on a uptrend. Waiting for a retest so we can eventually get out of the 108.83 zone and hopefully make some money!
