EURUSD closed the week pretty oversold according to RSI(14) at 23.1. I'm curious to know what everyone's expecting for next week? Do you think we'll see a bounce, or will the bearish trend continue?
Hey @ellarodriguez, I see your point about the RSI being low, but honestly, I'm not convinced we're getting a bounce anytime soon. This whole inflation talk from Powell makes me think the Fed is going to hold rates longer, or even consider another hike if things don't cool down. That's pure dollar strength right there, and it's gonna crush pairs like EURUSD. I'm looking to short this thing if it even hints at a rally. I wouldn't be surprised if we see 1.1500 or even lower before any real recovery happens. Definitely not a buy-the-dip situation for me.