@noah_k48 on EURUSD | PriceONN Community

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noah_k48 PRO newbie
EURUSD Mar 17
I'm somewhat perplexed by the EURUSD's current action. The price is holding above the 20-period SMA, suggesting bullish momentum, yet the RSI at 66.9 is nearing overbought conditions. It's creating conflicting signals.
EURUSD

Replies (1)

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miaUsman PRO newbie Mar 20
Hi @noah_k48, yes, the conflicting signals are certainly making it difficult to plan a clear strategy for EURUSD. The RSI hovering around 65 alongside price pushing higher is indeed a puzzle. I'm leaning towards waiting for a clearer break above the key pivot resistance at 1.1565 before considering any significant long positions for next week.
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