Last week had been worst week for everyone who is taking long against dollar, for this week there are some important news to consider, that is:

Tuesday

Tuesday will be a big day with  with US GDP release for Q3, analyst consensus expect 2.3% while previous number come at 2.5%, if the number comes out above 2.3% it is good for market. Aside from GDP release, fed will hold FOMC meeting, market is expecting the fed to make move regarding the situation in Europe. Personally nothing much will happen.

Wednesday

Jobless claim expected to come out at 390,000 while previous data is 388,000, also consumer sentiment will be big news for today.

Thursday and Friday market will be in thanksgiving holiday, past 3 years when thanksgiving market usually going down, base on my data the bearish movement might continue further 1-2 weeks, halted at beginning of December and start going higher around third or fourth week of this year.

Now we will look at USD index chart

USD index still moving at unstoppable pace, alligator still at bullish side, with that on the chart, i fear market still bound to move lower, with all of the data, I conclude market might move lower again this week and at least corrected higher before the fed meeting.