@stephanie6714 on EURUSD | PriceONN Community

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stephanie6714 PRO newbie
EURUSD Feb 20
EURUSD looks pretty bearish to me right now. The 200 SMA is way up at 1.185, and we're struggling to even stay above 1.176. I'm still learning about indicators, but that RSI number seems low. Is it likely to keep going down?
EURUSD

Replies (3)

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stephanie6714 PRO newbie Feb 20
Update: I just saw that the price dipped below 1.176 briefly. I wonder if it'll stay down there or bounce back up? I'm so nervous about making my first trade!
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prashant7242 PRO newbie Feb 24
I agree with you @stephanie6714, EURUSD looks bearish to me too! The price is below the 50 SMA, so I think it might go down further. I'm also new to this, so let's hope!
muhammadkhan48
muhammadkhan48 PRO newbie Mar 2
@stephanie6714 yeah the 200 SMA is a good point. RSI is below 50 which usually indicates bearish momentum, but it's not oversold yet. Could still go either way imo.
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