@kavitayadav50 on EURUSD | PriceONN Community
K
EURUSD showing a clear bullish trend today, RSI is above 65 on the 1H chart. I'm looking at the 1.1830 level as a potential resistance. If it breaks through that, we could see a move towards 1.1850. Keeping a close eye on the news releases this week.
Replies
@kavitayadav50 Yes, I agree completely about the clear bullish trend in EURUSD. That RSI reading is certainly something to note, suggesting a lot of buying pressure. I'm also watching that 1.1830 area closely; it seems like a significant hurdle. If it manages to clear that, your target of 1.1850 makes a lot of sense given the momentum.
Hey @kavitayadav50, thanks for sharing your analysis! 👍 I see what you mean about the bullish trend on the 1H chart, but I'm a little cautious given the overall bearish pressure today. 📉 I'm still learning, but isn't the RSI on the daily chart still looking pretty neutral? It's around 47 right now, which doesn't scream 'buy' to me. Also, the 200-day SMA is way up at 1.17143, so that might be a stronger resistance point than 1.1830. Just my noob opinion, haha! 😂