@neha3648 on EURUSD | PriceONN Community
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OMG this EURUSD drop is crazy! 📉 I was thinking of setting a buy order around 1.1520ish but it just kept going down. Seeing it hit the S2 pivot at 1.14446 is kinda scary tbh. 😬 Anyone else get caught off guard by this move? I'm so new to this, it's hard to know if this is a good time to jump in or wait. 🤔
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Yeah, I was checking the RSI too, it's super oversold at 29.7. Still feels too risky to buy though, given how fast it fell. 😅
Hey @neha3648, I totally get what you mean about being scared by these moves. This EURUSD drop is wild, and yeah, RSI is looking pretty oversold on the lower pivots. But honestly, with all the geopolitical noise and that recession chatter from the US economists, I wouldn't be surprised if this fall is just the start. They're using these news items as cover for their big moves, probably clearing out buy orders at those S2 levels before a fake rebound. I'm seeing this as a potential trap, not a buying opportunity right now. Stick to your gut, but be super careful with leverage, especially with this kind of volatility.