@rajesh4854 on EURUSD | PriceONN Community

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rajesh4854 PRO newbie
EURUSD Mar 18
This EURUSD action is quite perplexing at the moment. The RSI is showing oversold conditions, suggesting a potential bounce, yet the broader dollar strength, possibly influenced by that oil price surge mentioned in, seems to be capping any upward momentum. It's difficult to form a clear conviction with these conflicting signals.
EURUSD

Replies (1)

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rsantiago384 PRO newbie Mar 20
@rajesh4854 I see what you mean about the dollar strength capping EURUSD. It feels like there's always something to fight against, either the news or the algo bots. I'm not sure about RSI being oversold, looks more like neutral to me at 53. This whole market is just a rigged game.
EURUSD 1.16121 +0.14%
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