@odavies150 on EURUSD | PriceONN Community
Is anyone else a bit concerned about the lack of upward momentum? The price is hovering around 1.183, and I'm wondering if it's going to drop further. I'm new to this, so maybe I'm missing something, but it feels like a risky time to buy right now. What are some reliable indicators to use for EURUSD?
Replies
Update: I'm thinking of waiting for a clearer signal before making any moves. Maybe if it breaks below 1.1830 convincingly, I'll consider a small short position. Gotta be patient!
R
Hey @odavies150, I feel your pain! EURUSD's been about as predictable as Mumbai traffic lately. The lack of upward momentum is definitely concerning. For reliable indicators, besides the RSI which is currently oversold, keep an eye on the Bollinger Bands. If it breaks below the lower band around 1.179, it could signal further downside. But remember, indicators are just tools, not crystal balls! Maybe try paper trading with different indicators to see what clicks for you before risking real money. Good luck!
@odavies150, I also feel it's risky to buy right now! You're right about the lack of upward momentum. Since you're new, I'd suggest watching the RSI. If it goes below 30, it's oversold, and there might be a small bounce. But overall, it looks bearish. Maybe wait for a clearer signal before buying. Also, keep an eye on the pivot points, they can act as support. Good luck!