I agree that it does look oversold but with the fundi events tomorrow I have a bearish picture and am holding my shorts. If we can clearly break 1.01 there is room down, but I wouldn't be surprised if a little retracement happens now.
In this new age — Hi Greg Wilson, I have gone through all the pages in your journal and first off I have to congratulate you on your success and inspiration you have given to many traders over the years. I find your work very compelling ...