The Dollar’s weekly chart (a blended composite is shown) evinces no great weakness or strength, although the immediate picture is bullish because of the so-so impulse leg created by the rally from the October 25 low. (The move has surpassed one ‘external’ peak but no ‘internals’.) However, were the rally to continue, surpassing the 83.150 peak without a ‘b-c’ retracement, that would turn the weekly chart quite bullish, but the implication would be less so if it takes a pullback and a running start to do the job.
