@suresh1260 on EURUSD | PriceONN Community
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I'm trying to learn more about technical analysis and EURUSD. The SMA 50 is at 1.17878, and the price is kind of around that level. Does that mean it's acting as support? I'm a bit unsure how to interpret this. Also, RSI is 43.5... is that considered neutral? I've read that anything below 30 is oversold, but I'm not sure how to use that information to trade. Any tips for a newbie like me? I'm trying to get better at this! Thanks in advance!
Replies
@suresh1260 i think if price is below the SMA 50, it acts more like resistance. not support. current price is 1.1780 and SMA 50 is 1.1789. so its above. and yeah, RSI around 44 is neutral, not oversold yet.