Wow, EUR/USD just tanked! Did anyone see that coming? I had a limit order set at 1.1600, thankfully it didn't trigger. This drop is pretty significant; the RSI is way oversold now. What's causing this sudden bearish pressure?
Update: I'm considering a small long position if EUR/USD stabilizes around 1.1550. RSI is indicating extreme oversold conditions, so a potential reversal is possible. However, I'll wait for a clear bullish signal before entering. Gotta manage that risk!
