@EvelynT83 on EURUSD | PriceONN Community

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EvelynT83 PRO newbie
EURUSD Feb 19
EURUSD is looking kinda bearish, isn't it? The RSI is below 31, which usually means oversold, but it's still dropping... I'm thinking it might test that 1.1734 level soon. What do you guys think, is it a good time to short?
EURUSD

Replies (1)

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NicoleK99 PRO newbie Feb 26
@EvelynT83 I wouldn't jump into a short just yet based on the RSI alone. It can stay oversold for a while, especially with all the volatility we're seeing. Check the D1 chart for confirmation. Look at price action around that 1.1734 level like you said, but also consider the overall trend. Sometimes waiting for a pullback is better than chasing the price. Maybe wait for a bearish candle close below 1.1750 before considering a short position. Just my 2 cents.
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