@ArjunVerma7 on EURUSD | PriceONN Community
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I'm thinking EURUSD might drop a bit early next week. 🤔 The RSI is still above 50, but it's not super strong, and we didn't really break that R2 resistance at 1.1596. If it breaks below 1.157, I think we'll see it test 1.155 pretty quick. Just my thoughts though, still learning. 😅
Replies
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Yeah, and that oil crisis news that @shwetarao77 mentioned is definitely a factor... it's hard to ignore that. I'm thinking maybe a small short position might be a good idea, but I'm also worried about a fakeout. SL around 1.1605 maybe? 🤔 Need to be careful. Also, if it DOES break above 1.16, I'm totally wrong and will need to re-evaluate. It's all probabilities, right? 🤷♂️ Going to bed now, hope I don't wake up to a surprise. 😴
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@ArjunVerma7 I agree that 1.157 break is key. I'd be careful with shorting right away though, RSI is pretty oversold so we might see a small bounce first. Maybe wait for confirmation before jumping in, that's just me tho. I'm also keeping an eye on the Iran news, that's adding a lot of uncertainty to the market.
@ArjunVerma7 I reckon you're on the right track. RSI is oversold so watch for a potential bounce before it drops further. Could be a good opportunity to buy the dip before going even lower. But i'm still bullish so I'll be looking for longs.