This EURUSD rally is pretty strong, pushing past 1.16. RSI is showing overbought conditions on the hourly, though. Anyone else seeing potential for a pullback soon, or are we heading higher towards those pivot R1 levels around 1.1623?
Yeah @SolarFlare1, overbought RSI is definitely a concern. This move past 1.16 feels a bit shaky given the employment data coming out soon. I'm watching for a liquidity grab above the highs before considering any downside. Could be a trap.
