The dollar is giving increasing signs of imminent reversal here (see below).
In overnight trading the dollar is up a few clicks, but not much.
The dollar could just shuffle sideways into the middle of the BBs before moving lower to test support, but I think it more likely we'll see a relief rally first. So, I am now long, but I am not expecting a strong rally, and won't get greedy.
You beleive this call? Weak dollar spells "inflation". The government is systematically trying to weaken the dollar to hide the monstrous Deficits they currently have. These debts this country has will crush the country with compounding interest and is exactly whey they must devalue the dollar, and raise taxes to pay off the debt. Why do you think Gold is going up every day. Foreign countries see this tactic and are not investing in US dollars any longer. Very grim horizon. Karl
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