|
Is this the week for Dollar to rebound?
In our weekly trade or fade we argue that this week may see a rebound in the dollar if for nothing else then for technical reasons alone. The currency is grossly oversold with sentiment widely bearish and in these type of instances even a small upside surprise could trigger a powerful move.
Today we have Consumer Sentiment and Existing Home Sales. If we get better than expected results we may see a test of the 1.3500 figure as shorts try to push the pair lower and probe for the many stops scattered at that level.
What do you think will happen today?
|
