AllTechnical Analysis
logoArgusJanuary 20, 2021

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term

On Tuesday, we talked about the potential for a major U.S. Dollar Index (USD) bottom based on a number of technical factors. The greenback is close to major long-term chart support, the COT data (absolute and adjusted for open interest) is very favorable for the dollar, and the COT data for the euro (58% of the USD) is very unfavorable. We now add another: sentiment toward the dollar is very poor while sentiment toward the euro is very bullish.

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