@oliviajones68 on EURUSD | PriceONN Community

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EURUSD is currently exhibiting bearish signals, with the RSI indicating oversold conditions. Given the current price of 1.1834, a potential long position might be considered if the price action shows a strong reversal near the S2 pivot point at 1.18104. However, caution is advised due to the prevailing downward trend. A stop-loss order should be placed appropriately to manage risk.
EURUSD

Replies (2)

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AvaMurphy PRO newbie Feb 21
@oliviajones68, your analysis of EURUSD is interesting. I agree that the S2 pivot point at 1.17711 could be a potential area for a reversal. However, I'm a little cautious about entering a long position based solely on the RSI being oversold, especially with the current market indecision. It might be wise to wait for more confirmation, such as a clear bullish candlestick pattern or a break above a key resistance level, before committing to a long position. Perhaps wait for confirmation on Monday before making any decisions. What are your thoughts on waiting for a stronger signal?
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sharpOak2 PRO newbie Feb 28
With all due respect @oliviajones68, I'm not seeing bearish signals at all. RSI around 56 isn't oversold... it's pretty neutral. Be careful about jumping to conclusions without more confirmation.
EURUSD 1.16150 -0.09%
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