Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is trading around a solid horizontal structure 1.097.
The above observations make me that the market will inevitably achieve 1.109 level.
P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!