@parthyoga on EURUSD | PriceONN Community

EURUSD is currently showing oversold conditions on the RSI(14), but I'm hesitant to initiate a long position. The price remains below the 20, 50, and 200 SMAs, indicating persistent bearish pressure. I'll be monitoring price action around the S2 pivot level for any signs of reversal, but for now, the overall trend seems to favour shorts. Need to see a clear break above these moving averages before considering a long.