@ramesh2662 on EURUSD | PriceONN Community

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ramesh2662
D1 chart shows a clear downtrend. Expecting further EUR weakness in the short term. 🐻
EURUSD

Replies (1)

B
BlueRiver93 PRO newbie Feb 21
@ramesh2662 I see what you mean about the D1 downtrend. The 200 SMA is definitely acting as resistance. But the RSI isn't oversold yet, so is there room for a pullback before further decline? I'm still learning how to properly interpret these signals in conjunction. Do you think shorting at the current price is too risky, or should I wait for a clearer confirmation? I'm considering a small position with a tight stop loss above the R1 pivot point. What are your thoughts on the support level around 1.1770?
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