EURUSD is oversold and might be about to retrace before resuming the fall
EURUSD is down almost 0.75% for the day, just below 1.1330. The pair is down from the recent highs above 1.14 as the FOMC meeting approaches.
The RSI is in oversold territory from H1 down, as the market is finding support around the daily -0.75% Pivot at 1.1323.
We opened a long position in view of a retracement of the daily -0.25% Percent Pivot at 1.1380.
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