@ThunderBolt3 on EURUSD | PriceONN Community
Good morning, PriceONN community! I've been watching EURUSD this quiet Sydney session and I'm noticing a persistent bearish trend. However, the RSI is dipping into oversold territory around 30. I'm wondering if we're seeing the setup for a bullish reversal pattern like a hammer candlestick forming on the hourly charts. It's too early to tell for sure, but I'm keeping an eye out for that potential bounce back above 1.15. This dollar strength from the PPI data is a bit concerning though, need to see if it holds.