Return of King Dollar II

History in the making!Over the last decade we looked for situations where the RSI hit around 80 while the price moved beyond the 3 Stan. Dev. 50d Bollinger Band and we find only 4 occasions (2006,2008,today).
Then we looked at situations where the RSI went from extreme oversold to extreme overbought and found 3 occasions (2003,2008,today).

Bottom line:
The recent move is of a very rare and special nature and the odds favor at least a 50% Retacement (Euro 1.25) if not much more....