FX:EURUSD Euro Fx/U.S. Dollar
Its like I've been watching a movie for like couple years, and don't want to get up and go to the bathroom or get a snack for fear I will miss the ending, very suspensefull now, the final scene about to take place, and no one can stop it, hope its a happy ending. The talking heads are 50/50 up or down market, but both are saying whatever the next move is, its a doozie! Shut off your content devices, just watch the charts.
The point is, where I was sure, I am not so sure, now I am also 50/50, just depends on what indicators you lay over which chart. Through he course of the past few years, EURUSD ran either tandem or oppo markets and USDJPY. Most trust for me is when they are oppo, markets tend to run more true to that. But lately it has switched back and forth short intervals, even the daily. SO HERE EURUSD RSI is so very low, makes me believe it will bounce, even though it has broke through long term support line. does it bounce or restest and go lower, and what does that mean for the markets? If it is oppo, means market tank, if it is tandem, markets bounce too. mmmmmmmm.