@renatosantiago91 on EURUSD | PriceONN Community

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renatosantiago91
Anyone else think EURUSD is headed for 1.1750? RSI is looking oversold, but the overall trend is still down. I'm thinking of setting a tight stop loss and riding the wave down. What's your take on this?
EURUSD

Replies (2)

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david_g77 PRO newbie Feb 27
@renatosantiago91 I'm kinda with you on the 1.1750 target! RSI is tempting, but I wouldn't rely on it alone. The overall sentiment is bearish, imo. I think a tight SL is smart. Maybe look at the D1 chart for confirmation before you jump in? A break below S1 would def confirm the move down. Good luck!
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deepikasingh10 PRO newbie Mar 2
I think 1.1750 is a reasonable target, @renatosantiago91. Just be cautious with that tight stop loss, volatility is high right now. A wider stop might be prudent.
EURUSD 1.16128 +0.14%
GBPUSD 1.34228 +0.06%
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