@ShadowFax25 on EURUSD | PriceONN Community

This current EURUSD action reminds me a bit of that period back in Q3 2023. Remember how we had that strong bearish trend, but then there were these sharp, sudden bounces that looked like dead cat bounces before the price continued lower? We're seeing a similar pattern now with the RSI refusing to enter oversold territory despite the price action. It feels like the market is still digesting that FOMC statement and the general economic indicators. I'm holding a short from 1.1690, and I'm looking for a displacement below 1.1670 to really confirm this move. If it fails there, we could see another quick squeeze higher.