Dollar pair still looks bullish
to me despite the recent weakness. Mainly because the source of this weakness was ECB head Mario Draghi talking about the high value of the Euro
last week. This week the recent Shooting Star
on the daily chart
certainly did prove true the day thereafter. It now comes down to monitoring the trend lines
for signs of support. However, should the Euro
fall beneath 1.31 on a daily close, to me this would mean that the bull
rally has stopped.