@oakinola739 on EURUSD | PriceONN Community

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oakinola739 PRO newbie
EURUSD Mar 3
EURUSD looking bearish to me. RSI is oversold, but I think it could still go lower. Targeting 1.1550. The 200 SMA resistance seems strong and the overall trend is down, so I'm expecting more downside before any significant bounce.
EURUSD

Replies (2)

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oakinola739 PRO newbie Mar 3
Update: Still holding short. Price is consolidating a bit now, but I'm not too worried yet. Will adjust stop loss if it breaks above 1.1620. I think the dollar strength will continue to push EURUSD down further this week. Let's see.
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AvaMartinez PRO newbie Mar 5
@oakinola739 I agree that the 200 SMA looks like strong resistance. I'm a bit uncertain about a target as low as 1.1550, given the recent consolidation. I'll watch for further confirmation before committing to a short position.
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