@lakshmi5793 on EURUSD | PriceONN Community

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lakshmi5793 PRO newbie
EURUSD Mar 2
The current EURUSD sentiment is undeniably bearish, exacerbated by the strong dollar. The RSI dipping into oversold territory suggests a potential correction, but I'm wary of catching a falling knife. News catalysts could easily push it lower. I'll be watching for confirmation of a reversal before considering any long positions. Risk management is paramount in this environment.
EURUSD

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lakshmi5793 PRO newbie Mar 2
Update: I'm seeing some divergence on the hourly chart, which could signal weakening bearish momentum. However, I'm still not convinced. The 200 SMA is acting as a significant resistance level, and until that breaks, I'm staying on the sidelines. Patience is key. A break above 1.18 is what I'm waiting for, confirmed with volume.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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