Just closed my small long on EURUSD at 1.1685. It's just not giving me the confidence it'll push higher right now, especially with that bearish RSI. Might look for a short on the next bounce if it fails to break that 1.17 level. Gotta protect the capital, right? 😉
Actually, thinking more about that trade I just closed... maybe I should have held on a bit longer. The price did bounce a little off that 1.1670 support I mentioned. If I see it push back above 1.1700 with some decent volume, I might reconsider. It's that classic indecision phase where the bears are pushing hard but the bulls aren't completely giving up. I'll be watching the closing price of this New York session very carefully. Might scalp a quick long if it looks like it's reversing from this low.