DislikedI've got 200 MA at 80.71. I haven't seen RSI this oversold on daily since that wicked spike back in December 2008.........Ignored
80.84 and dropping.
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DislikedI've got 200 MA at 80.71. I haven't seen RSI this oversold on daily since that wicked spike back in December 2008.........Ignored
DislikedLondon session sold the dollar heavily, now it's NY time to bring some sense of balance to the market.Ignored
DislikedIf you quickly check a monthly chart you can see why its happening. Euro went down very fast in panic mode without leaving a trace to follow. So when panic stops the pullbacks/retraces in any market follow the same pattern. Weekly and daily are in extremely overbought mania (which doesn't necessarily mean sell) ... any bubble or fear panic sell in any market have the same "pattern" of behavior. Check for example what happened with the euro during the financial collapse Oct 2008 and look what happened the next few months...
sisseIgnored
DislikedLondon session sold the dollar heavily, now it's NY time to bring some sense of balance to the market.Ignored
DislikedLondon session sold the dollar heavily, now it's NY time to bring some sense of balance to the market.Ignored
DislikedIf you quickly check a monthly chart you can see why its happening. Euro went down very fast in panic mode without leaving a trace to follow. So when panic stops the pullbacks/retraces in any market follow the same pattern. Weekly and daily are in extremely overbought mania (which doesn't necessarily mean sell) ... any bubble or fear panic sell in any market have the same "pattern" of behavior. Check for example what happened with the euro during the financial collapse Oct 2008 and look what happened the next few months...
sisseIgnored
DislikedAs I am sure you know oversold can keep on staying oversold as long as "it" wants.
80.84 and dropping.Ignored
DislikedWeekly and daily are in extremely overbought mania?!!!
If you mean that the pair is overbought in those TF, let me tell you this: I don't know what indicator you use to see overbought conditions but weekly chart is still very far from overbought zone. If you use RSI, it didn't even crossed level 50. As for daily, we can still go upwards before entering in the overbought zone.Ignored
Dislikedrepeat after me... retrace retrace retrace... RE TR A CE so i can load longs at 1.313 againIgnored
Dislikedwant some more?
what do you say if we go down to 3115 and then u can all discuss if that was really a break of the 38% retrace on daily? LOL
hapipipinIgnored
DislikedI don't use indicators. But 9 consecutive Higher Highs (and 9 out of 10 green bars in any timeframe in any market is overbought in my book. Only once in the last 10 weeks price have managed to barely break the lows when it broke the downtrend.
A +1300 pips/ticks move without even one weekly retrace is overbought mania in any chart. Does it mean it has to go down now? no not all as a previous poster mentioned. It simply testing all those untested "virgin POCs" (in market profile terms). I don't have any overbought/oversold zones by indicator...Ignored