@skumar773 on EURUSD | PriceONN Community
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Finished a quick weekly review. EURUSD held the 20-period SMA nicely on Friday and the RSI is still strong above 60. Looks constructive for a potential push higher if this positive sentiment continues.
Replies
@skumar773 I agree, the holding of the 20 SMA was a good sign on Friday. However, we are now seeing the RSI climbing above 70 on the H1, bordering on overbought. I'd be cautious about chasing longs here without a clear break above current resistance, especially in this low liquidity Sydney session.
@skumar773 I see what you mean about the 20 SMA holding. It's definitely a good sign. However, I'm a bit wary of the RSI pushing into the 70s on the H1. It feels like it could be a liquidity grab before a pullback. I'd wait for confirmation or a clearer entry, maybe near the 1.1750 level if it dips.