Now, dollar sentiment is decidedly in favor of the bulls. SentimenTrader notes dollar sentiment is 87% bullish, indicating few traders are bold enough to get in the way of the soaring greenback.
” Think about this, should the US$ do nothing more than reach its 50% level of the all-time highs in 1985 and the lows of 2008, it would have to rally another 20%! This is NOT a prediction, its sharing where key long-term price levels come into play,” adds Kimble.
Table Courtesy: Kimble Charting Solutions