@hraza474 on EURUSD | PriceONN Community
Honestly, I'm seeing mixed signals on EURUSD right now. The price is pushing towards 1.18, and the 200 SMA is below, which is bullish for sure. But then I see RSI climbing up there, and some users are calling it overbought. Makes you wonder if this is a real move or just a trap.
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It's just so confusing. I'm staying out for now, waiting to see if it holds that 1.18 level or pulls back significantly.
Wait, I just checked the pivots and S1 is right at 1.17973. If we break that, maybe it confirms the short term weakness some are talking about. But then again, the overall trend is still up, so it could just be a pullback before another leg higher.