Possible Dollar Rally
My thoughts on the next NFP report out tomorrow will be a higher number. I think we will see a US Dollar rally, it will not break any major supports but instead bounce off and head back in favor of the Euro. The report will not get the US Dollar out of it's sell off, but only give a better opportunity to get in on long trades at a lower number. Expect the Euro to work it's way to, possibly the 1.70 area by Q2. This move will really start after the holidays when consumer spending slows to a halt, and everyone is working on paying their credit cards off lol.
Thx
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