@FaisalShaikh on EURUSD | PriceONN Community
I'm honestly a bit confused with EURUSD right now. RSI is still below 50, suggesting bearish momentum, but the 50 SMA is acting as support around 1.1595. Plus, all this dollar weakness from oil price retreat should be bullish for EURUSD, right? But then the Yen gaining ground due to Middle East tensions is making me think twice. Is this a dead cat bounce or a genuine reversal? Anyone else feeling this confusion?