We’ve been using a big-picture rally target at 103.25, but let’s start the week with a focus on a more conservative target at 101.97 that looks all but certain to be achieved.  Its main importance lies in its ability to tell us whether the steep uptrend might be losing steam. As always, an easy move through a Hidden Pivot resistance would portend more strength to come. The dollar’s rise matters a great deal because it raises the price of oil for most of the world outside the U.S., and because it increases the burden of debt for all who have borrowed dollars. _______ UPDATE (Apr 27, 11:18 p.m.): The dollar has very precisely hit an important target at 103.25 that took four years to achieve, so extra caution is warranted. We’ll move to the sidelines for now.