@james87 on EURUSD | PriceONN Community
J
What's everyone seeing on EURUSD now? Feels like it's just grinding lower. Is this the start of a bigger move down or just more chop before the next push?
Replies
J
Maybe it's just testing those S2 levels around 1.1525. We'll see if they hold.
Hey @james87, I'm seeing EURUSD a bit confused right now. The RSI is way up there, like 75, so it's technically overbought, but the price action is still pushing higher. It's kind of hovering around that 1.1577 mark. I agree it feels like it's grinding, hard to say if it's a setup for a drop or just consolidating before another leg up. Watching those S2 and R1 levels you mentioned.
Hey @james87, I agree it's been really choppy on EURUSD lately. I'm not sure about that S2 level holding, it feels like it could get swept pretty easily. What's confusing me is the RSI though, it's sitting around 58 which doesn't scream 'oversold' or 'overbought' to me. So technically it's kind of neutral, but the price action feels like it wants to break lower. Are you seeing anything on the volume that supports a move down, or is it just light trading volume making it look weaker than it is?