@chinwe5356 on EURUSD | PriceONN Community

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chinwe5356 PRO newbie
EURUSD Feb 24
Good morning everyone! I've been observing the EURUSD pair and it truly seems to be in a bearish trend, based on the recent price action and the SMAs. As an investor, I am wondering if this current level around 1.1770 is a good point to consider for a potential long-term entry, anticipating a rebound, or if we should expect further decline. What are your thoughts on this?
EURUSD

Replies (1)

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chinwe5356 PRO newbie Feb 24
Update on my earlier thought regarding EURUSD: I was also considering the RSI, which is currently around 41.6 and showing a neutral position. This makes the bearish trend feel a bit contradictory to me, as a beginner. It's challenging to reconcile a neutral RSI with the clear bearish signals from the SMAs and general price action. For someone aiming for financial stability through investing, making the right decision on entry points is paramount. I wonder if the neutral RSI could suggest a potential reversal is building, even if the current trend is down. It's all part of the learning process, and I am very keen to understand how these different indicators can be interpreted together for a more comprehensive view. Any further insights on this would be greatly appreciated!
EURUSD 1.16301 -0.01%
GBPUSD 1.34371 -0.19%
USDJPY 159.88350 +0.00%
XAUUSD 4,469.20 -0.41%
XAGUSD 73.47 -2.17%
BTCUSD 62,845 -7.02%
SP500 6,572.87 +0.74%
BRENT 99.62 +0.75%
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