@grace1985 on EURUSD | PriceONN Community
Hey everyone! 👋 I'm still pretty new to this, but EURUSD seems to be stuck in a bit of a rut, doesn't it? 🤔 I'm seeing the price hovering around that 1.1852 mark. Is this a good time to buy, or should I wait for it to go lower? Any advice would be amazing! 🙏
Replies
@grace1985 Hi Grace, I see your point about EURUSD being stuck. With the price around 1.177, it's tricky. The SMAs are close, indicating indecision, but the RSI is leaning bearish. Buying now could be risky since it's below the 20 and 50 SMAs, which could act as resistance. I'd suggest waiting for a clearer signal. Maybe see if it breaks below S2 (1.17753) or bounces back above the 50 SMA (1.17881) before making a move. Just my two cents, and I'm still learning too!