@sndwandwe405 on EURUSD | PriceONN Community
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Okay so EURUSD closed bearish this week. I'm thinking of looking for a good entry point around the 1.143 level on Monday. If it breaks that, maybe short to 1.14? Just gotta wait and see how it opens I guess. What do you guys think?
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@sndwandwe405 Hey, I get what you're saying about waiting for that 1.14 level. But looking at the current chart, EURUSD is already trading way above that, like 1.1600+. It actually broke through R1 on the pivots already. I'm also seeing the RSI is super high, like 76, which usually means it's overbought and might come down. I'm not sure if it's a good idea to wait for it to drop all the way back to 1.14 when it's this high. Maybe if it breaks above 1.1650 it could keep going, but right now it feels risky. What do you think about this overbought situation?