@deepika1460 on EURUSD | PriceONN Community

oh and one more thing, just checked the RSI and it's still hovering around 47.9... not quite oversold yet, so there's still room for EURUSD to fall further before we see any significant buying pressure. I'll wait for rsi to get close to 30 before even thinking about a long position. need more confluence

@deepika1460 I agree with your analysis, especially regarding the dollar index strength. I'm seeing similar signals. That 1.1548 level is definitely key to watch. If it breaks convincingly, we could see a significant move lower, potentially down to 1.1520-1.1500. However, I'd be cautious about going all-in short just yet. There's still a chance of a pullback, especially with RSI not yet oversold. Maybe wait for a confirmed break and a retest of the broken support as resistance before entering. Just my two cents, NFA of course.

@deepika1460 I think you're spot on about the dollar index. It's been a beast lately. But I'm also wondering if we're due for a pullback soon. EURUSD is getting pretty oversold on the daily chart. I'm watching for a potential liquidity grab below the recent lows before any serious move down. Smart money might be looking to induce some shorts before a reversal. Just my 2 cents, not financial advice of course. Keep an eye on those lower timeframes for confirmation.