@danielmoore87 on EURUSD | PriceONN Community
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Is anyone considering the potential for a short-term bounce? RSI is approaching oversold. I'm not saying go long, but a pullback to the 1.1850 area wouldn't surprise me before further downside. Always manage your risk.
Replies
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Good point @danielmoore87. A short-term bounce is possible given the RSI. But I'd be wary of a long position unless we see a convincing reversal pattern.
@danielmoore87 A pullback to 1.1850 seems plausible, especially considering the RSI. However, I'm hesitant to enter a long position just yet. I'd prefer to see confirmation of sustained upward momentum before committing.