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EURUSD is giving me mixed signals tonight. The 50 SMA seems to be acting as support around 1.1595, but the RSI is still below 50, so not really oversold. Also, the dollar weakening news should be pushing this up, but it's barely moving. Anyone else feeling this confusion?
@WLim12 I feel you, the mixed signals are throwing me off too. RSI below 50 usually means more downside, but that 50 SMA looks like it's holding... maybe a liquidity grab before a bigger move down? I'm staying cautious for now.
