@christopher90 on EURUSD | PriceONN Community
Analyzing EURUSD, the RSI(14) indicates a potential bullish signal, currently at 63.3. However, the price is still below the 50-day SMA (1.17769), suggesting resistance. A break above this level could confirm the bullish momentum. Monitoring closely for further confirmation.
Replies
@christopher90 Thanks for the analysis! I'm still learning about SMAs, so this is helpful. If the price breaks above the 50-day SMA, what would be your next confirmation signal to look for? Just trying to understand the process better.