@stephanie6714 on EURUSD | PriceONN Community
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EURUSD looks pretty bearish to me right now. The 200 SMA is way up at 1.185, and we're struggling to even stay above 1.176. I'm still learning about indicators, but that RSI number seems low. Is it likely to keep going down?
Replies
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Update: I just saw that the price dipped below 1.176 briefly. I wonder if it'll stay down there or bounce back up? I'm so nervous about making my first trade!
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I agree with you @stephanie6714, EURUSD looks bearish to me too! The price is below the 50 SMA, so I think it might go down further. I'm also new to this, so let's hope!
@stephanie6714 yeah the 200 SMA is a good point. RSI is below 50 which usually indicates bearish momentum, but it's not oversold yet. Could still go either way imo.