@PoojaVerma42 on EURUSD | PriceONN Community

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PoojaVerma42 PRO newbie
EURUSD Feb 24
EURUSD looks bearish on the daily charts but the RSI on H4 is kinda neutral. I'm not fully convinced for a strong short yet. Thinking of waiting for a retest of the 20 SMA around 1.1785 before considering a short position. What do you guys think?
EURUSD

Replies (1)

james5013
james5013 PRO newbie Mar 1
I agree with @PoojaVerma42 that the daily charts appear bearish. The neutral RSI on H4 is indeed a point of contention. A retest of the 20 SMA around 1.1785 seems like a logical area to watch for potential short entries. However, with the breaking news regarding the US and Israel, I am hesitant to establish any new positions until the market's reaction is clearer.
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