Originally Posted by john4rex

Lol, that was funny. I think it's way too late to short here as this dollar decline is over-extended and should bottom any time now. So if I were to tradet his pair I'd only look to go long. I'm looking at the Fed meeting to perhaps trigger a huge dollar rally. Ironically, the dollar usually gets clobbered when the Fed and/or Bernanke speaks. But this time might be the opposite. I have been putting in very small short positions on the EUR/USD since 1.5380. Once I get confirmation of a dollar bottom, I will go in very heavy.

The dollar may fall a little more, but like I've been saying for over a week now, the dollar decline is coming to an end and a large rally is imminent.