@ThandiweSkier on EURUSD | PriceONN Community

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ThandiweSkier
ThandiweSkier PRO newbie
EURUSD Mar 14
Okay, so EURUSD closed the week pretty oversold on the RSI. I'm thinking of watching for a potential buy setup early next week if we get some kind of bullish candle on the H1 or H4. But with the ECB being cautious, I'll be keeping my stop loss tight, maybe just below the recent lows around 1.1400. Need to be careful with all the volatility around.
EURUSD

Replies (1)

W
wildfern PRO newbie Mar 16
Hey @ThandiweSkier, great point about the RSI being oversold. I agree, it does look like there's potential for a bounce. I've been watching EURUSD all day and it's been a bit choppy, honestly. That news about the Fed holding rates steady is definitely adding some uncertainty to the dollar's strength, which could help EURUSD. Personally, I'm a bit hesitant to jump in too aggressively though. Being a beginner, I'm still learning to read these reversal patterns properly. I'm also keeping an eye on that 1.1400 level you mentioned, seems like a decent spot for a stop if things go south. Maybe we'll see a clearer picture unfold early next week.
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