Overbouht now?

FX:XAGUSD   Silver / U.S. Dollar
It was a nice spike of silver today. I think that this will be used for profit taking by some traders, so that it may be possible to make some profit on the short side. Let's look whether the market will find bottoms on EU/USD, silver and gold now. But I expect some testing of the downside again before a final decicion will be due.


Looks like it won't fall further. I am closing the position now taking the profit.
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