@george90 on EURUSD | PriceONN Community
I'm a bit unsure about EURUSD atm. The price is below the 20 and 50 SMAs, which suggests a downtrend, but the RSI isn't oversold. It's just sitting neutral around 42. Maybe it'll keep dropping to the S2 pivot around 1.1836? Or will we see a reversal? Too hard to tell for me right now tbh.
Replies
@george90 I agree that EURUSD is difficult to read at the moment. The SMAs suggest a downtrend, but the RSI is not confirming. I would wait for a clearer signal before entering a position. Perhaps look for a break of the S1 or R1 pivot points to confirm direction. Patience is key in these conditions.