possiblle euro/dollar parity in next year, perhaps even next 6 mo. 1/1.10 seems a bit more likely. question is one of flight to quality (i.e. US cash is king), combined with the emerging market/commodity countries' collapse (see kiwi and auz dollars getting hammered). only currency that could possibly hold up vs the USD is yen, which has its own strength vs emerging economies + commodities in Asia.
smart people such as you and I know that long dollar is the place to be for the foreseeable future.
but we still want the masses to think the dollar is about to collapse. that way we can ensure this dollar rally will never end. last week the speculators on forex were absurdly long us dollar, hampering the dollar's ability to rally.
as soon as we see magazine covers hailing the return of "king dollar" then it will be time to sell.
but until then let's keep this dollar rally a secret.