Euro is oversold across most pairs. GBP is also oversold. US Dollar index looks like it might top out at previous high soon.
RSI is facing downwards, which is why I set-up buy orders around 1.1550, 1.15650, 1.15750. I think EUR can go down a little more, to the previous bottom around 1.15500, before correction/reversal.
I'm in the trade at 1.15900, hoping to buy up more as it goes lower and bottoms out.
Target around 1.17200, feel free to take profit before that.
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Looks like EUR has more downside.
Most likely will touch the 0.5 fib retracement, around 1.1440. I'm out of this trade early.