I’m not a believer in manipulation, so I’m not counting on the central banks of the world to drive down the dollar. It’s as simple as 2% bulls: as of late last week there were 50 euro bulls for every bear. I always like to be the lone nut.
EUR.USD is looking very oversold at the moment by RSI, also. I’m still a long-term euro bear and would not be surprised by parity or $0.85, which actually looks all the more likely now that euroland is going to print away to relieve its banks of their bad bets on GIPSI bonds.
Same timing as me: closed my short EUR position on Friday:
http://realitylenses.blogspot.com/2010/05/euro-update.htm
Intending to go long at some point, don’t know when and against what (thinking about the CAD still…)
By the way, any publicly available information about the % bullish on USD or EUR you can point me toward?
Sorry, nothing public available. Cheapest way to get it is to subscribe to one of Elliott Wave International’s publications, since they mention it often.