Hey everyone, I'm trying to get a better handle on using RSI for EURUSD. It's currently at 38.5, which seems bearish. Does anyone have tips on confirming RSI signals with other indicators? Still trying to figure out the best way to avoid false signals. Thnx!
Hey @michaeljohnson89, I'm pretty new to this too, but I've heard that using RSI alone can be tricky. I think confirming with something like MACD could help avoid false signals, but honestly, I'm still trying to figure that out myself. Maybe look for divergences between the RSI and price action? If the price is making lower lows but the RSI is making higher lows, that could signal a potential reversal. I'm no expert, but that's what I've been reading. Good luck to both of us!
