man, this EURUSD action today is something else. Started off looking like a clear bearish trend, then suddenly this little pop up. RSI still hanging in the 30s though, so I'm not buying any of this fakeout talk yet. Feels like we're just grinding lower, waiting for something big to happen.
Hey @RyanHarris63, I see what you mean about the choppy action today. It does feel like a grind lower, but the fact that the price has held above the 200 SMA (currently sitting around 1.1534) and the S2 pivot at 1.15443 is giving me some pause on outright shorts. The H4 RSI is indeed low, but we’re not seeing strong bearish momentum confirm it yet. Could be setting up for a relief rally if the 1.1550-1.1560 resistance zone breaks. I’m watching the US session for any directional clues, but this noise is typical for the London/NY overlap.
