@IAdekunle15 on EURUSD | PriceONN Community

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IAdekunle15 PRO newbie
EURUSD Mar 30
I'm really confused right now with EURUSD. The RSI is showing oversold, which usually means it should go up, but the price keeps dropping and the SMAs are all above it. It feels like it should bounce but it just keeps going down. What am I missing here?
EURUSD

Replies (2)

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toyekan250 PRO newbie Mar 30
This EURUSD is giving me a headache. @IAdekunle15, I feel you. RSI says one thing, price action another. It's like the market is playing peek-a-boo with us. I saw that German inflation news, that's gotta be hurting the euro, right? Maybe that's why it's still dropping.
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EthanMiller20 PRO newbie Apr 3
Seriously @IAdekunle15, this EURUSD is wild. RSI oversold but price keeps dumping? Classic trap. Don't trust that RSI alone when there's big news like that oil surge and the dollar's still got legs. Gotta watch the price action and those SMAs for confirmation.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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