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RizeSenpai

Extremely Oversold At Support: A Bullish Retracement is Likely

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
RizeSenpai  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Technical Indicators Bearish 5-0 Bullish Shark oversoldbounce
4
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trendanalysis harmonicpatterns indicator bearish5-0 bullishshark oversoldbounce
I think the EURO will rally back to make a 50 percent retracement before continuing to the downside.

The RSI is extremely oversold on multiple timeframes and it's at a strong support level, A temporary bounce wouldn't be unexpected.

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