@ifeoma1016 on EURUSD | PriceONN Community
I
I'm finding EURUSD's current behavior quite perplexing. The RSI is sitting around 44, which isn't oversold or overbought, suggesting neutrality. However, the price action has been quite bearish recently, pushing down towards S1 at 1.15319. We also saw it dip below the 50-day SMA earlier, which is usually a bearish sign. Yet, the volume during the London open wasn't particularly strong, which Lily mentioned, hinting at a lack of seller conviction. The DXY has also seen some recovery after the Yen news, adding another layer of complexity. It's a real mixed bag of signals, and I'm hesitant to commit to a position until these indicators align more clearly.