EURUSD - Daily - Hhhmmm...

FX:EURUSD   Euro / U.S. Dollar
I understand that Stochastics RSI is looking like oversold on my chart, but for some reason I believe that there still could be some potential to the downside.
So this is just an idea, but what it could do is bounce around in that range for a couple of days, get the Stochastics RSI slightly up and then give us a good sell-off. Another reason, why I believe there could be some selling opportunity here is the fact that the Weekly chart looks very overbought. I think this pair wouldn't mind having a bit of selling, which could attract more buyers, so that it could go even higher later on.
My target is 2016 May high (1.16163).

Be careful and keep an eye on the price action!


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