EURUSD -- Expect a dead cat bounce ( mini rally ) -- Then SELL

EURUSD is at 1.1575 at the moment . The 3-hour and 4-hour RSI(14) are extremely oversold. The daily RSI is fine has room to move , right now at around 40 . So expect DEAD CAT BOUNCE or rally to around 1.1585 to 1.1627 to relieve some oversold pressure before we head down to 1.1527 and then 1.1508

Comment:

DEAD CAT BOUNCE is done

we went from 1.1561 to 1.1611 before the US Job Report

After Job report we bounced from 1.1588 to 1.1608 and then back to 1.15888 now indicating that the market is resuming the predominant trend ---

Bearish towards 1.1508 unless something changes