@apandey109 on EURUSD | PriceONN Community
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Watching EURUSD during this quiet Sydney session. The RSI is deep in oversold territory around 30, suggesting a potential bounce might be on the cards. However, the bearish trend is still strong, and price is hugging the lower Bollinger band. We need to see if it can break above the 1.1470 resistance level for any real upside momentum. The recent PPI data and oil surge are definitely creating a risk-off vibe, which usually supports the USD, so EURUSD might struggle.