A few days ago, my long position on the pair EUR/USD hit its stop-loss that took away 50 pips from me. So I looked around and it seemed that although the US economy is heading nowhere, but still scoring better than the European or British counterparts. Today the Dollar acted like a real come-back after the long losing path. I jumped almost 200 pips after better-than-expected House Price Index and Consumer Confidence were posted. Meanwhile, European data have been disappointing in the past few days.

The general sentiment, I believe, is that “we should watch out for the revival of the Dollar.” Yes, watch out is the slogan of the week, as more important economic indicators such as non-farm payroll and GDP will come to light. As a conservative trader, I would stay out of the market for now. Even if I feel like to enter a trade, it got to be range trading before news break. If you’re an aggressive trader, you may want to catch a big jump some time this week. If the US data show brighter outlook, the dollar should advance further in big steps against EUR and other majors. But if data are disappointing, it will lose big time, again.