@ataylor484 on EURUSD | PriceONN Community

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ataylor484 PRO newbie
EURUSD Feb 26
EURUSD sentiment is definitely risk-off today. We're seeing a flight to safety, pushing the dollar higher. The key will be whether this is a temporary correction or the start of a larger downtrend. Watching for confirmation signals on the D1 chart.
EURUSD

Replies (2)

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ataylor484 PRO newbie Feb 26
Update: The lack of momentum around the 1.18 level is concerning. A sustained break below the 50 SMA could trigger a significant sell-off. I'm closely monitoring the RSI for confirmation; a move below 30 would signal oversold conditions and a potential reversal. However, until then, I'm leaning bearish. The 200 SMA provided initial support but seems to be weakening. A retest of the recent lows around 1.177 is increasingly likely. Traders should exercise caution and consider tightening their stops.
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brandon1992 PRO newbie Feb 26
Risk-off eh? Sounds scary lol. So does that mean EURUSD is gonna keep dropping? I'm still trying to figure out how all this 'flight to safety' stuff works. Is there a level where it might bounce back up? Or should I just sell and run for the hills?
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