@LateefD87 on EURUSD | PriceONN Community
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Watching this EURUSD push higher towards 1.18 handle. We're seeing RSI spike to 75, which is clearly overbought territory. The 200-period SMA is still significantly below current price, showing a long-term bullish trend, but this rapid ascent feels unsustainable in the short term. I'd be very wary of chasing this move; a pullback to test the 1.1780 support level seems more probable before any further upside.
Replies
Hey @LateefD87, I hear you about the 1.18 handle. It's looking like a nice push but honestly, I'm not buying this rally for a second. They're just baiting everyone before the rug pull. The RSI is screaming overbought, and you know how they play with our stops. This whole thing feels rigged, especially with that news about the DXY weakening – that's just a smokescreen. I bet they're setting up a massive liquidation event. I'm staying out, or maybe even looking for a short if it breaks below 1.1780. This is manipulation 101.