@pRajan50 on EURUSD | PriceONN Community

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P
EURUSD's RSI is dipping below 40 in the Asian session. Could be a sign of further downside, or a contrarian buy signal for a quick scalp. Anyone else watching for a bounce around 1.1580? Might be a fun little trade. Always risky trading in low volume though, so keep the stops tight!
EURUSD

Replies (1)

P
pRajan50 PRO newbie Mar 4
güncelleme: Okay, so about that bounce... I jumped the gun a bit. Looking at the D1 chart now, EURUSD is really struggling to hold any support. The bears are having a field day! I think 1.1550 is the next logical target, maybe even lower if the dollar keeps its strength. Anyone playing the short side? I might join the party if I see a decent entry. Just gotta be careful not to get caught in a bull trap. Remember what happened in March? Ouch!
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