Tuesday, June 23, 2015

Dollar Way Overbought

The dollar is way overbought so I'm looking for a pair to surge against the dollar for a short term trade. GBPUSD looks way oversold and set to rally any minute now.  I like starting to get long here with stops at 1.5690 and looking for a move to test the 1.5800 level within the next 24 hours.