@diyer390 on EURUSD | PriceONN Community

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diyer390 PRO newbie
EURUSD Feb 18
EURUSD is looking oversold on the RSI! 😲 Could we see a bounce back up soon? I'm seeing RSI at 24.3, which seems like a good sign for a potential long position. But the SMA20 and SMA50 are still above the current price, so maybe it's just a small correction before more downside? 🤔 What do you guys think?
EURUSD

Replies (1)

noah4397
noah4397 PRO newbie Feb 21
@diyer390, RSI that low *could* signal a bounce, yeah. But tbh, EURUSD can stay oversold for ages sometimes. I'd be wary of jumping in too early. Maybe wait for some confirmation, like a break above the 20 SMA or something? Just my two pence.
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