dollar breaks 100 resistance but 102-103 area may stall the move.
The dollar broke above 100, a 15-month ceiling, with bullish momentum across crosses, but next resistance at 102-103 will test whether this is a sustained bull market.
The dollar index cleared the 100 level that had capped prices for 15 months, and the breakout is confirmed across yen and euro crosses. However, the 102-103 zone is a significant overhead resistance; whether the dollar sustains its rally or stalls there will determine if this is the start of a new bull market or just a short-term funding squeeze.
"Trade of The Week - MacroVoices #538"
