The EUR/USD has been sliding sharply since the forming a double top below 1.3380 and falling below the support at 1.3250. There has not been any significant pullback, and one expression to warn against buyers during such a slide is “don’t try to catch a falling knife”. However trading strategy to fade on a pullback would also have stayed sidelined. As the market digs lower, and the conditions become more oversold (as the RSI in the 4H chart dips below 30), we can look for major support levels to give this market a short-term bounce. The first support pivot is at 1.3023. This provided support for a rally of about 250 ... (full story)