@ChukwuemekaOkafor on EURUSD | PriceONN Community

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ChukwuemekaOkafor PRO newbie
EURUSD Mar 3
Good morning, everyone. EURUSD seems to be struggling to find direction. The price is currently hovering around 1.1640, and the bearish trend is quite noticeable. I am curious to know what everyone's sentiment is regarding this pair. Do you foresee a further decline, or is a potential reversal on the horizon? Any thoughts or perspectives would be greatly appreciated.
EURUSD

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ChukwuemekaOkafor PRO newbie Mar 3
Update: I've noticed the RSI is indicating oversold conditions, but the price continues to decline. I am hesitant to initiate a long position given the prevailing bearish momentum. Perhaps waiting for a clearer confirmation of a reversal before entering a trade would be prudent. What are your thoughts on using the SMA as a confirmation signal?
EURUSD 1.16232 -0.06%
GBPUSD 1.34338 -0.22%
USDJPY 160.00650 +0.08%
XAUUSD 4,470.66 -0.38%
XAGUSD 73.61 -1.99%
BTCUSD 64,035 -5.26%
SP500 6,572.87 +0.74%
BRENT 97.94 -0.96%
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