@amina4006 on EURUSD | PriceONN Community

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amina4006 PRO newbie
EURUSD Feb 19
EURUSD looking kinda bearish tbh. RSI is super oversold, but sometimes it can stay down there for a while. I'm thinking short positions might be the way to go, but waiting for a slight pullback first. Maybe around 1.1770-ish? Just a thought.
EURUSD

Replies (1)

nmorris670
nmorris670 PRO newbie Mar 1
Hey @amina4006, I see what you're saying about EURUSD being oversold, but I'm not convinced it's ready for a major reversal just yet. The overall trend still seems bearish, and that news about Iran could fuel further risk aversion. I'd be cautious about shorting too aggressively, though. A pullback to around 1.1820-1.1830 might present a better opportunity to enter short positions, with a tighter stop-loss. Just my two cents! 😉 Always good to see another perspective, though. 👍
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