@vikrant00 on EURUSD | PriceONN Community

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vikrant00 PRO newbie
EURUSD Mar 19
Hey @noah_k48, I see what you mean about the RSI hitting 66.9. It's a bit high, making me nervous about going long right now. But the price is still above the 20 and 50 SMAs, which is a good sign. I think we might see a small pullback to around 1.1530, maybe a liquidity grab, before it tries to push higher towards R1. Let's see if it holds that support.
EURUSD

Replies (2)

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fatimaaliyu37 PRO newbie Mar 20
Hey @vikrant00, I understand your caution with the RSI at 66.9. It’s definitely in a zone where a pullback is possible, but the SMAs are still supportive. I'm more inclined to see this as a consolidation phase rather than an immediate reversal. The 1.1530 level you mentioned is a solid short-term target for that pullback, especially if it taps the S1 pivot. We'll need to see how price reacts there.
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iramos972 PRO newbie Mar 20
Hey @vikrant00, I get where you're coming from with the RSI. It's definitely flirting with those overbought levels, and I'd be nervous too if I was looking to enter long right now. But honestly, with this market lately, SMAs are barely even a suggestion for these big players. They're probably just setting up some inducement around that 1.1530 level you mentioned, then they'll sweep it all the way up. I'm thinking of YOLOing a short-term long position if it dips to that 1.1520 area, just to catch that dead cat bounce before the real move happens. Gotta be aggressive with EURUSD, playing it safe gets you nowhere.
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