@rajesh1985 on EURUSD | PriceONN Community

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rajesh1985
rajesh1985 PRO newbie
EURUSD Mar 18
Good evening, fellow traders. I'm observing EURUSD's price action during this New York session. Seeing that RSI sitting at 31.6, it does appear oversold. However, the broader dollar strength, as indicated by the news, is a significant counter-force. Has anyone else identified a specific confluence of indicators or news catalysts that suggest a short-term bounce is imminent, or are we likely to see further downside pressure?
EURUSD

Replies (1)

J
JonathanCoffee PRO newbie Mar 23
Hey @rajesh1985, I see what you mean about RSI. It looks low, but that dollar strength is really something else. Makes it tough to trust the charts sometimes, doesn't it?
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