First of all, since next week is ECB week, take all my analysis with a grain of salt. Next week might be a typical ECB week, with a zig-zag until thursday and a big move after that. And on friday, we have important EU news, too. So, even though I am bullish on the dollar, next week will be about looking for good entries, before the big events start. And it might be misleading until then. I am ready for EU to go up until then, with the smallest short “target” being somewhere in the 2120-40 region and the highest between 2220-2250. Good thing is, most dollar related pairs had a nice topping this week, EU, GU, AU and NU, as seen on the charts below. But for all pairs, the key will be to find a good entry and not start shorting right away. Same goes for UCHF. Even though my target is 9100+, it is current at a very strong resistance of 8900-8920, which it can’t break for some time now. So I am also curious to see, if it keeps lurking under it, waiting for big volume on thursday and friday or if bulls are able to take it out before the news events. Also important to note, that as I was warning last week, retailers are very bullish on EU, they had a tough week and are even more bullish now. As you can see on the community outlook image below, now the majority is long on EU, so its better to look for trades in the other direction, anyway. But scalpers should do good either way early in the week, until mid week.
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16USD-1024x459.png)
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16EU-1024x376.png)
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16EUh1-1024x375.png)
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16UCHF-1024x377.png)
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16AU-1024x378.png)
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16NU-1024x377.png)
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16GU-1024x378.png)
![](https://www.from1tomillion.com/blog/wp-content/uploads/2021/01/16outlook.png)