Analysis of US Dollar

U.S. Dollar has had a small rally after completing the .618 retrace area of .78 a few weeks ago. It is suspect from this that we could be looking at another leg down coming shortly. It must be kept in mind however that until the .78 area is broken the possibility for the rally to further does continue. Should the dollar collapse, prices above $1.50 in the Euro and $1.70 in the GBP could be reached along with the flight to Gold.