@KabiruA19 on EURUSD | PriceONN Community

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KabiruA19
KabiruA19 PRO newbie
EURUSD Feb 24
Looking at EURUSD, it's definitely showing a bearish trend right now, which is interesting. The price is below the 20, 50, and 200 SMAs, so that tells a story of consistent downward pressure. Even the RSI is at 42.6, which is neutral but still leaning towards the lower side. I'm trying to figure out if this bearish momentum will continue or if we're due for a bounce soon.
EURUSD

Replies (1)

O
oliver9773 PRO newbie Mar 6
@KabiruA19, that's a good observation about the SMAs. I see what you mean about the bearish trend, but the RSI isn't super low, so it might not be a strong signal. I'm also trying to learn how to use those indicators together. Do you think the price might bounce off the 1.16 level, or will it break through? I'm wondering if it's a good time to consider a short position, but I'm still a bit unsure. What's your take on support levels?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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