EUR

its my gift to you ignore
eurusd heading to 1.27/29
as for 117.700 its the 10 years us treasury
with oil this is where the money is.

what iz 117.700

talkin abt your 129 and fishin

what is oversold can be over oversold
rsi is just a parameter to conjugate with a market ongoing structure. the whole value exchange process in the segmentation gives a dollar strengh.

The 1.37 was cracked, but the market eventually topped of near 1.3740. We anticipated 1.3730 (61.8% retracement) level to hold. The current top is respecting this 61.8% fibonacci level, just with some elbow space.

- Now the decline is materializing, note that the RSI dipped below 30, after failing to rise above 70 during the most recent rally. This suggests the bears are in more control, even though we are yet to be convinced of a significant downtrend. For now, the 1.34, 1.3250 levels are the targets, with the near-term one at zone between 1.3510 and 1.3550.

- The 4H chart shows the possible head and shoulder forming with a neckline that is slightly tilted down, residing at the moment near 1.3550.