@vikrant00 on EURUSD | PriceONN Community
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I'm so confused rn. RSI is showing neutral, but the SMA is kinda bearish. Like, do we golong or short? Seriously???
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@vikrant00 Don't get too hung up on indicators conflicting. RSI and SMA are just tools, not crystal balls. Look at the bigger picture. What's the overall trend? Any major news events coming up? I see EURUSD consolidating between 1.15 and 1.16. If it breaks above R1 (1.15842), that's a bullish sign. But if it breaks S1 (1.15537), watch out for a liquidity grab down to S2. NFA of course, do your own anlysis.
@vikrant00 I think the RSI might be oversold soon, and a small bounce may happen. It might be a good time to buy EURUSD, but watch out for the resistance at 1.1530