I am planning to watch EURUSD closely on Monday. The RSI is showing oversold conditions, but I am concerned about the dollar's strength. I'll be looking for a potential reversal pattern before considering any long positions. Risk management is very important when trading!
Hi Isabella, I understand your caution regarding dollar strength, it's certainly been a dominant theme lately. For EURUSD, while the RSI might show oversold (or perhaps just strong momentum), I'm also seeing that 1.15 handle as a key level. If it can hold firm after any testing, it could provide a good base for a reversal. Definitely worth keeping an eye on those reversal patterns you mentioned.
