Seeking Alpha
Registered investment advisor, macro, ETF investing
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Below are our trading range charts for UUP (tracks the US Dollar index) and FXE (tracks the Euro). When a security is trading above the red zone, it is more than two standard deviations above its 50-day moving average. When it's below the green zone, it is more than two standard deviations below its 50-day. As shown in the two charts, UUP is about as overbought as it gets, while FXE is about as oversold as it gets.

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Source: Dollar Overbought / Euro Oversold