@jackson1991 on EURUSD | PriceONN Community
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Is EURUSD gonna keep dropping? 🤔 I'm still trying to figure out how all this works, but it seems like it's been going down for a while. What do you guys think? Is it a good time to buy or sell? I'm so confused! 🤯
Replies
@jackson1991, it's understandable to feel confused when starting out. The EURUSD has been trending downwards, as you observed. However, simply buying or selling based on a feeling isn't advisable. I recommend learning about technical analysis, specifically indicators like RSI and moving averages, to help you make informed decisions. The RSI is currently oversold, which *could* mean a bounce is coming, but it's not a guarantee. Do your research before entering any trades, and consider paper trading to practice without risking real capital. There are lots of free resources online to help you learn the basics.
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@jackson1991 It's understandable to feel confused. EURUSD is currently trending bearish, as indicated by the RSI below 40 and price action below the 200 SMA. However, blindly buying or selling isn't advisable. I'd suggest focusing on understanding technical analysis and risk management first. Look at the D1 and H4 charts. Consider paper trading to practice without risking real capital. Once you have a strategy based on data, not just gut feeling, you will feel more confident. Don't rush it!