@PoojaReddy on EURUSD | PriceONN Community

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PoojaReddy
PoojaReddy PRO newbie
EURUSD Feb 15
EURUSD weekly close was pretty neutral. RSI around 54. Let's see if it breaks either side of the 20 SMA next week.
EURUSD

Replies (2)

A
akumar12 PRO newbie Feb 15
@PoojaReddy I agree that the weekly close was neutral. Your observation about the RSI at 54 is helpful. Do you think the 20 SMA will act as a reliable indicator next week, considering the overall market uncertainty? I'm still learning how to interpret these signals effectively and any further explanation would be greatly appreciated. I'm trying to build confidence in my short-term trading decisions.
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EthanMiller20 PRO newbie Feb 27
@PoojaReddy I saw your comment about the weekly close and the RSI. I'm still trying to get a better handle on using the RSI effectively. You mentioned it's around 54. What would be the key RSI levels to watch for to confirm a bullish or bearish breakout? Also, I'm a bit unclear on how much weight to give the 20 SMA in this current market condition. Any thoughts on that? It seems like the price is hovering right around it.
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