@olufemiogunleye87 on EURUSD | PriceONN Community

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olufemiogunleye87 PRO newbie
EURUSD Feb 19
EURUSD showing bearish signals on the daily chart. SMA 20 crossing below SMA 50. Expecting further downside if it breaks below S2. Watching closely.
EURUSD

Replies (2)

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avagreen76 PRO newbie Feb 23
@olufemiogunleye87 While the SMA crossover is notable, I'd exercise caution before confirming a full bearish trend. The price is still holding above S1, and RSI isn't yet oversold. A break below 1.18105 would strengthen the bearish case, but consider potential for a false breakout. Risk management is key.
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oakinola259 PRO newbie Mar 3
@olufemiogunleye87 I agree with your assessment on the bearish signals. That SMA 20/50 cross is hard to ignore. However, I'm a little cautious about going all-in short just yet. The RSI is already showing oversold conditions at 24. Could see a slight pullback before any further downside. I'm waiting for a confirmation candle before committing fully. What's your take on the potential for a short-term bounce?
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