The US dollar is continuing its meteoric rise, smashing through our profit target of 102.86, and solidly solidifying the 103 handle. We are seeing some red triangles on the KRI suggesting we are running into resistance. However, we have yet to see a significant pullback, and it would be unwise to step in front of this freight train. The lack of a significant pullback makes it difficult to anticipate reasonanable profit targets. However, based on our Fibonacci extension levels, 104.83 is the next target.
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