The commercials (banks) are massively short the dollar and long the Euro, it's only a matter of time and maybe even a very short time before they crush the dollar longs (hedge funds) and their phony chart building game they have been playing and stomp on the media spin they have used to assit this move. It seems to me the commercials are manipulating the hedge funds as usual.
It's different than the gold game because gold fundamentals have never been stronger and gold is in a well confirmed secular bull market that has years to run yet. The dollar on the other hand has very poor fundamentals and is in a secular bear market that has years to run and is presently experiencing a limited bear market rally due to presently being perceived at the least worse paper currency as a result of an aggressive temporarily successfull media dis-information campaign about the Euro and the PIGS countries.
The truth is that the US is in worse shape than Euroland but Euroland is probably not unhappy that the euro has weakened for the short term to assist exports, it's like a mini stimulus plan as long as it doesn't last long and big inflation doesn't result or it doesn't cascade to real confidence issue. The US issues of states in trouble is worse than Euroland plus the deficits and debt growth.