The dollar: the current retracement is significant, but I direct you to this chart and suggest you run the Bollinger Bands. You will see it has bounced off the red bottom, if it crosses the green the upward direction will be continued. I cannot run fibinacci retracements so this is the only indicator I can give you. You would have shorted when the daily crossed the green you now would set a sell stop very close to today's high and take a profit of around $1,600. Go long when it crosses the green. These are very good indicators for short term traders (I am not one). The Fed controls the dollar and it is clear they want it stronger. They have so many tools. So many. Included in their box is the buying up of dollars, tightening reserve requirements, selling gold, raising the rate of interest at the open window each day. We never see that. BTW if you are trading the weekly chart you are out of the short positions. you got out of your shorts weeks ago and today you should have reshorted. Many are pointing out that it is possible that both the Treasury and the Fed may be lying because the weak dollar is so good for the economy and that yesterday and today are more a function of horrible EU economic numbers than anything else. That's why you watch the numbers and don't listen to the news. It should also be noted that both the Euro zone and the Japanese released disappointing numbers overnight and that could also have inspired the Dollar to short cover.