@mcastro622 on EURUSD | PriceONN Community
M
I'm getting mixed signals on EURUSD right now. The 200 SMA is right at the current price (1.1658), acting as resistance, but the RSI is above 60 which typically suggests bullish momentum. Plus the news about the dollar weakening should be bullish. Anyone else seeing this?
Replies
@mcastro622 I'm seeing mixed signals too. That 200 SMA is definitely a key level to watch, but the oversold RSI makes me think we might see a bounce before any major move down. I'm leaning bearish overall, especially with the central bank stuff coming up this week, but it's not a high-conviction trade for me right now.