@sofiadeguzman97 on EURUSD | PriceONN Community

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sofiadeguzman97 PRO newbie
EURUSD Feb 19
Hi everyone! I'm still pretty new to this, and I'm trying to understand EURUSD better. The RSI is around 44, which I think is neutral, right? But the price is below the 20 and 50 SMAs. Does that mean it's more likely to keep going down? What indicators are you all looking at to decide if it's a good time to buy or sell? thnx!
EURUSD

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sofiadeguzman97 PRO newbie Feb 19
Update: I've been reading more about pivot points, and it looks like EURUSD is near S2 at 1.17926. If it breaks that level, would that be a strong signal to sell? Or could it bounce back up? I'm also seeing that the Bollinger Bands are pretty tight. Does that mean a big move is coming soon? I'm trying to paper trade this to get a better feel for it, but it's still confusing. Any tips for beginners on how to read these charts better? I'm really keen to learn more and improve my trading skills! I'm mostly looking at daily charts btw.
EURUSD 1.16100 -0.18%
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