@KeenReef50 on EURUSD | PriceONN Community

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KeenReef50 PRO newbie
EURUSD Mar 13
Well, EURUSD had a rough week, didn't it? Closing near 1.1417 after all that volatility... I'm still leaning bullish though, especially with the RSI so oversold. Might be a good buying opportunity soon if we can hold above that S2 pivot. Gonna keep an eye on how the dollar reacts to the news next week. Hoping for a bullish reversal!
EURUSD

Replies (1)

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StephanieT44 PRO newbie Mar 13
@KeenReef50 I agree that the RSI is showing an oversold condition, but I'm a little wary of going long just based on that. The dollar has been incredibly strong, and with the DXY near 10-month highs, it might take more than just an oversold RSI to reverse the trend. I'd wait for some confirmation before jumping in, maybe a break above the 20 SMA on the H4 chart.
EURUSD 1.16084 -0.19%
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