Dollar strength looks likely to continue near term but possibly in a corrective manner. The EURUSD shows a possible diagonal (not clearly an impulse which is why I favor the diagonal) unfolding from 1.2454 as wave C of the correction from October 2008. The implications are USD bullish next week though. Wave iv of the diagonal would most likely cross paths with wave i, which is at 1.3740. Support is as low as 1.3420. Price ideally stays below 1.4181.
