@NainaPatel54 on EURUSD | PriceONN Community
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EURUSD is falling. Is it going to keep going down? Or will it go back up soon? What do you guys think? I'm new to this and trying to understand the market better.
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Update: Still going down. RSI is low, but I'm not sure if it's oversold yet. Maybe I should wait for it to hit S1 before thinking about buying? Anyone else looking at this?
@NainaPatel54, EURUSD's recent decline does present a bearish outlook, but it's crucial to avoid making impulsive decisions. Market movements are rarely linear, and pullbacks are common. Monitor the RSI; if it approaches oversold territory, a temporary bounce might occur. However, until key resistance levels are reclaimed, the overall bias remains to the downside. Exercise patience and wait for clearer signals before committing to a direction.