EURUSD - Getting Oversold

9 May 2014

CCI is almost -200. i like to see it fall below -200 and then aboce -100 for confirmation that the price should be rising. We also see RSI very low (under 28). I know the ECB news yesterday is the major driver in the current fall in EURUSD, but this sudden drop has caused oversold conditions and warrants a pullback (might have to wait until monday/tuesday though!!!)