@usman1493 on EURUSD | PriceONN Community

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Looking at EURUSD, it feels like we're still in a bearish grip. Price is hovering just below the 20 and 50 SMAs, which isn't a great sign for bulls. The 200 SMA is also comfortably above current levels at 1.18116, suggesting the bigger picture remains downward. I'm waiting for a clearer signal before making any big moves, perhaps a test of the S1 pivot at 1.1776.
EURUSD

Replies (1)

U
usman1493 PRO newbie Feb 25
update: the RSI is sitting at 41.9, which is neutral but not far from dipping lower again. If it breaks below 40, that could add more pressure to the downside for EURUSD.
EURUSD 1.16377 +0.06%
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