Counter-Trend Appears Very Likely
It looks like Thursday was the start of a long overdue counter-trend rally in the dollar pairs with Friday being the break-out day. There is always the chance of a new low or sudden re-tracement, In fact I would expect a re-tracement of Friday's move at minimum, however I believe the dollar rally is over for a few weeks. Look for a weakening dollar for a while.
Looking at how strong the Dollar rally has been we should expect equal volatility at times in the counter-trend.
