@blackhawk622 on EURUSD | PriceONN Community

Interesting observation, @blackhawk622. I concur that the RSI divergence on the hourly chart warrants attention. However, it's imperative to consider the broader context. While the divergence may suggest a potential short-term reversal, the confluence of the 20, 50, and 200 SMAs acting as resistance around 1.1800-1.1801 cannot be ignored. A decisive break above this SMA cluster, coupled with confirmation from other indicators like MACD, would lend more credence to a bullish reversal. Until then, caution is advised when considering long positions. A tight stop-loss below the recent lows is prudent if entering long.