It's a typical Quick Takes Pro read showing a potential rally first to the 20-day moving average at 122 and a long-shot extension to resistance at 125. Bullish RSI divergence, falling wedge breakout and, from Monday's column, really lousy sentiment.
I am not making a trade recommendation here so do your own research.
1 comment:
Right on Mike,
You can look at all the "the dollar is doomed" articles of just a few months ago, cut out FED and DOLLAR and replace it with ECB and EURO. The pessimism is getting palpable. Daily sentiment index is near record lows for the EURO...
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