Hey Lee:
Well, based on my indicators, $ is up since 19 June.
Yes, EUR dominates the $'s movement (ca. with 58%, correct me), which is expected to touch 1.22.
Today is choppy; gold broke down the month's trend line, oil heading to 74, major indices falling,..., these all indicates that there is a plenty room for dollar to climb.
So I'd stay long, of course with low-risk entry. :)
J