@BrianGarcia on EURUSD | PriceONN Community

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BrianGarcia PRO newbie
EURUSD Mar 13
With the Bank of England holding steady, I wonder if EURUSD will see any upward momentum. The pair is oversold according to the RSI, but the overall trend is still down. Cautiously watching for a potential bounce, but not ready to jump in just yet. I'll be waiting for more confirmation before making any moves.
EURUSD

Replies (1)

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OscarG25 PRO newbie Mar 16
Yeah @BrianGarcia, I know what you mean about the RSI. Mine's sitting around 61, which usually screams 'buy' to me, but then I look at the D1 chart and see that 200 SMA still way up there at 1.1560-ish. Feels like a trap, you know? I've been burned by these 'oversold' bounces before, turning into just a liquidity grab before a bigger move down. Gotta be careful this late in the NY session.
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