@chloe01 on EURUSD | PriceONN Community
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EURUSD oversold on RSI... but is it a fakeout??? I'm thinking maybe a small bounce early next week, then more downside. Gotta watch for a gap down on open tho, that could change everything. Set alerts just in case.
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Hey @chloe01, I get what you mean about the RSI looking oversold but still feeling iffy. It's tough when the indicators don't perfectly align with the price action. I'm watching this 1.1480 area too, feels like a key level right now. That energy cost news is definitely making me nervous about the direction. Could be a choppy session.
Hey @chloe01, I totally get your hesitation with the RSI looking oversold but the price action not confirming a strong bounce. It's that classic dilemma, isn't it? I'm also keeping an eye on that 1.1480 area you mentioned; it's acting as a pretty solid support floor for now. If that breaks, I'd be inclined to agree with potential further downside, but for now, it feels like we're just treading water.