@diverKevin on EURUSD | PriceONN Community
D
Honestly, I'm seeing some conflicting signals here on EURUSD and it's making me hesitant. The DXY is showing strength, especially with that geopolitical tension and oil prices spiking, which should normally push EURUSD down. But then we have the RSI hovering around 46, which isn't strongly oversold or overbought, and the price is sitting right near the 200 SMA. The current price is also below the 50 SMA, suggesting bearish pressure, yet it's bouncing off the lower Bollinger band. It feels like the market doesn't know which way to go, or maybe it's just digesting the news from the US session. I'm leaning towards a short-term bearish outlook given the dollar strength, but I'm not confident enough to go all-in yet.