@michael8972 on EURUSD | PriceONN Community
M
This EURUSD move is really confusing me right now. We've got the RSI screaming overbought at 70.7, which usually means a pullback is coming, right? But then the price action is still holding strong, above the 200 SMA and even the daily pivot. And with that inflation news coming out of Europe, you'd think it would be pushing higher, or maybe cause some volatility. But the Sydney session is so dead. I don't know if I should be looking for shorts or longs here, it feels like it could go either way. The dollar index is dropping too, which should support this, but it's just so choppy.