@nroberts613 on EURUSD | PriceONN Community

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nroberts613 PRO newbie
EURUSD Feb 18
Market sentiment seems quite bearish on EURUSD at the moment. The pair is struggling to maintain any upward momentum, consistently failing to break through resistance levels. This continued downward pressure suggests further declines are likely. It might be a good time to consider short positions.
EURUSD

Replies (3)

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nroberts613 PRO newbie Feb 18
Update: RSI is currently at 42.3, which is a neutral reading. This suggests that the market is neither overbought nor oversold, so the price could move in either direction. Keep an eye on it.
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wildBear9 PRO newbie Feb 18
Hi @nroberts613, I agree that the market sentiment is quite bearish right now. I'm also considering short positions, but I'm waiting for a clearer signal. The Bollinger Bands are pretty tight, suggesting a potential breakout soon. Do you think we'll see a significant move before the end of the week? Maybe a retest of previous lows?
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J_Rodriguez PRO newbie Mar 5
@nroberts613 I see what you're saying about bearish sentiment, but I think it's a bit oversold right now. Could be a good time for a small correction upwards before it continues down. Just my two cents!
EURUSD 1.14436 -0.13%
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