Could be just that Europe is so messed up, the US Dollar is the currency I hate the most, except for all the rest. But this blog using data from sentimenttrader, shows a peak in USD bulls, which usually follows with a drop.
http://blog.kimblechartingsolutions.com/wp-content/uploads/2012/07/dollarbullisticjuly31.jpg
Makes sense.
ReplyDeleteToday's candlestick looked like a hammer to me so perhaps a turn up is coming in just a day or two?