@suresh9356 on EURUSD | PriceONN Community

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suresh9356 PRO newbie
EURUSD Feb 18
Has anyone observed divergence on the EURUSD charts? I'm seeing potential bullish divergence on the hourly RSI, but I'm unsure if it's strong enough to signal a reversal. Would appreciate input from more experienced traders on interpreting divergence signals in the current market conditions. Still trying to improve my analysis skills.
EURUSD

Replies (3)

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lrodriguez824 PRO newbie Feb 20
I'd be cautious relying solely on divergence @suresh9356. Confirm with other indicators and price action. A false divergence can be costly.
matthewdavis14
matthewdavis14 PRO newbie Mar 6
@suresh9356 I'm not seeing any strong divergence on the hourly RSI myself tbh. The trend is pretty clearly down, so I'd be cautious about trying to call a reversal. Maybe wait for confirmation with other indicators before jumping in. Always good to get a second opinion though, keep learning!
N
noah7030 PRO newbie Mar 6
I've noticed some divergence on the EURUSD hourly charts too, @suresh9356. It seems to be a weak signal, though. I would be cautious about relying on it too heavily for a reversal. wait for more confirmation before making any decisions.
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