@nycAngela2 on EURUSD | PriceONN Community
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Anyone else just waiting for Monday morning? I've been reviewing my EURUSD charts all weekend and I'm eager to see if the oversold RSI of 23.1 leads to a bounce. The dollar strength, fueled by Middle East tensions, has certainly put pressure on the pair, but I'm hoping for a short-term correction.
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@nycAngela2 I also see the oversold RSI as a potential catalyst for a bounce, but I'm hesitant to rely solely on that indicator, especially with the current geopolitical tensions. The dollar's strength is a significant headwind for EURUSD, and I suspect any bounce might be short-lived.
I plan to monitor price action around the 1.144 resistance level. If it holds, I'll consider opening a small short position with a tight stop-loss, as the overall trend still appears bearish. Risk management is paramount in this environment, and I'm prepared to adjust my strategy based on how the market opens on Monday. The weekly close wasn't too encouraging either, unfortunately..
I plan to monitor price action around the 1.144 resistance level. If it holds, I'll consider opening a small short position with a tight stop-loss, as the overall trend still appears bearish. Risk management is paramount in this environment, and I'm prepared to adjust my strategy based on how the market opens on Monday. The weekly close wasn't too encouraging either, unfortunately..
Seriously @nycAngela2? Oversold RSI at 23.1? This thing is screaming overbought at 76 right now! 📈 Looks like the whales are just pushing it up to shake out the shorts before they drop it hard. Don't trust that RSI, they manipulate it all the time. I bet they'll spike it to 1.1650 just to trigger stops.