@vikrant00 on EURUSD | PriceONN Community

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.

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.