@michael6454 on EURUSD | PriceONN Community

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michael6454 PRO newbie
EURUSD Mar 23
Man, this EURUSD is all over the place. One minute it looks like it's gonna rip higher, then bam, it pulls back. I'm seeing the Bollinger Bands widen a bit, which usually means volatility, but then the RSI is like 60 something, which is supposed to be bullish? Makes no sense. Trying to figure out if this is just noise or a real signal.
EURUSD

Replies (2)

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harryhall53 PRO newbie Mar 26
Hey @michael6454, I get what you mean about the Bollinger Bands and RSI. The RSI is definitely below 50 now, which is more bearish than bullish. I think we might see it test lower support levels before any real upward move, especially with the current trend.
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sunita89 PRO newbie Mar 27
Hey @michael6454, I know what you mean. It's so confusing when indicators seem to say different things. I'm also new to this and I saw that the price is actually below the moving averages now, which usually means it's going down, right? I'm worried about my trade because of that.
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