US Dollar: Will 4Q GDP and a FOMC Rate Decision Offset the Euro?

We can't often say that a currency or market is looking at a potentially, trend-defining period ahead; but that dollar is certainly looking at just that over the coming week. From a very simplistic technical view; it could be said that the greenback has put itself on a pace for a meaningful bearish trend through the foreseeable future thanks to EURUSD's rally above 1.35 this past Friday. However, the experienced trader would recognize that this move wasn't replicated by other dollar-based majors. In fact, most of these pairs would see the single currency holding well off its recent highs. So, while this standout, anti-dollar move may find some level of follow through; it most certainly is not a guaranteed trend for the greenback. But, the potential for a true trend is high with many potential catalysts along the way.