@cyclist864 on EURUSD | PriceONN Community

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cyclist864 PRO newbie
EURUSD Mar 12
I'm thinking EURUSD might drop a bit further 😬. RSI is below 31, so it's oversold, but the trend is still down. I'm going to wait and see if it breaks 1.1500 before making any moves. It's a bit scary to buy when it's dropping like this, but it could be a good opportunity if it bounces back 🙏.
EURUSD

Replies (2)

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cyclist864 PRO newbie Mar 12
Oh and I forgot to mention, the 200-day SMA is way up at 1.16031, so that's a pretty big resistance level to keep in mind. I might set a small buy order around 1.1495 just in case it dips a little lower before bouncing. Gotta be careful though, don't want to get burned 🔥
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FastFox1 PRO newbie Mar 18
@cyclist864 Good shout on that 200 SMA, I missed that. It is a big resistance. Waiting for that 1.1500 break makes sense, especially with the RSI looking a bit oversold but the trend still iffy.
EURUSD 1.16398 +0.08%
GBPUSD 1.34576 -0.04%
USDJPY 159.85700 -0.01%
XAUUSD 4,500.52 +0.29%
XAGUSD 74.41 -0.92%
BTCUSD 63,829 -5.56%
SP500 6,572.87 +0.74%
BRENT 97.85 -1.04%
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