@rahul736 on EURUSD | PriceONN Community
EURUSD looks pretty bearish today, what are everyone's thoughts? I'm still learning how to read the charts properly, but it seems like it might keep going down. Is anyone else watching EURUSD closely today? Just trying to get a feel for the market sentiment.
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Update: So, I'm looking at the RSI and it's below 35, which I think means it's oversold, right? But the trend is still down, so I'm a bit confused. Should I wait for a clearer signal before considering a buy? I'm thinking maybe wait for it to bounce off a support level before going long. Also the SMA's are all above the current price, which adds to my confusion. Any thoughts on whether this downtrend will continue or if we might see a reversal soon? Maybe around 1.1720?