USD index registered fresh yearly highs at 97.20 on Tuesday but failed to sustain the bullish momentum and corrected lower quite aggressively. A mils selling pressure remains today though the bulls are still in the game for now. After the initial spike, European currencies pared intraday gains and switched to a consolidation mode.
Traders decided to take...
Look out for confirmation, we have seen recently with the Sketchers SKX stock that the gaps tend to get 50% filled, so this could mean a possibility to short this stock in the next few days. RSI is very oversold today.
Let me know what you think in the comments, like the idea if you agree, and follow me for more tips like this.