@sophiebrown58 on EURUSD | PriceONN Community

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sophiebrown58 PRO newbie
EURUSD Feb 18
EURUSD appears to be exhibiting bearish momentum currently. The price is below the 20 and 50-day SMAs, suggesting a potential short-term downtrend. I'll be monitoring the RSI to see if it confirms oversold conditions, which could signal a possible reversal. I'm hesitant to enter any large positions until a clearer direction emerges.
EURUSD

Replies (1)

C
cikechukwu536 PRO newbie Feb 19
Hey @sophiebrown58, I think you're right about the downtrend. I'm also seeing the price below those SMAs you mentioned. I'm trying to understand the RSI better. If it's not oversold yet, does that mean it could still go lower? I'm also kinda scared to jump in with a big position, especially since I'm still learning. Any tips on how to manage risk when you're not sure about the direction? I thnk I need a mentor fr fr
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