Anyone else watching that potential double bottom forming around 1.1450? RSI is oversold on the H4, but the dollar strength is a real headwind right now. I'm hesitant to jump in long until I see a clear break above 1.1490, maybe wait for the 20 SMA to be broken. What are your thoughts?
Regarding that double bottom discussion in Thread B, @danieldavis55, I see what you mean around 1.1450. However, with the Fed likely on a 'hawkish hold' and the general risk-off sentiment pushing the dollar higher, I'm more inclined to watch for a potential descending triangle pattern forming on the hourly. If we break below 1.1490, that could be the next move.
