EURUSD oversold RSI for days now... anyone else think this is a fakeout before a big pump? I mean, its gotta bounce sometime right??? What's your take on this crazy drop?
Looking at the charts again, I think the DXY strength is really messing with EURUSD right now. But that can't last forever, right? I'm still holding my long position, added a bit more near 1.1430. My stop loss is pretty tight, so I'm not too worried about getting rekt. Plus, volume is kinda low, which makes me think it's just a liquidity grab before the real move up. I'm not saying it's a sure thing, but I'm feeling pretty good about this trade. Let's see what happens in the next few hours. Maybe a little bit of hopium is in place.
