More problems in Europe means that more people will run to the dollar so as you can see on the daily $UUP (tracking etf for the dollar) this is getting short-term overbought! If there are more problems coming out of Europe the dollar will go higher!
Traders must see this as a good opportunity to watch for a bounce in these markets to pick up some more short positions!
My levels on the $UUP are:
$22.53 minor level.
$22.65 big level.