@MichelleH62 on EURUSD | PriceONN Community

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MichelleH62 PRO newbie
EURUSD Mar 23
Ugh, I'm so confused watching EURUSD right now. The price is hovering around 1.1580, which is kinda neutral I guess? 🤷‍♀️ But then I see the RSI is at 56, which should be bullish, but the Bollinger Bands are kinda tight. What is even happening?? I feel like I'm just guessing.
EURUSD

Replies (2)

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MichelleH62 PRO newbie Mar 23
Wait, I just remembered seeing something about the USD strengthening because of the Middle East tensions... 😥 That would totally push EURUSD down, right? So maybe that RSI 56 is just noise and we're actually looking bearish soon? This market is just playing games with me today.
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sfoCarter23 PRO newbie Mar 24
@MichelleH62 Hey Michelle, I get what you mean about the confusion. It's definitely choppy here. That RSI at 56 is a bit of a head-scratcher when price isn't really going anywhere. But you're right, that news about the Middle East tensions and the potential USD strength is a big factor. I saw a few headlines about that, and it does make sense for the dollar to pick up safe-haven demand, pushing EURUSD lower. I'm leaning towards a bearish outlook myself, potentially looking for a short entry if we break that 1.1577 pivot point.
EURUSD 1.16091 -0.03%
GBPUSD 1.35079 -0.04%
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XAGUSD 65.78 -0.59%
BTCUSD 79,665 -0.30%
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BRENT 95.03 +0.82%
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