@redWind1 on EURUSD | PriceONN Community

Interesting point, @redWind1. While the RSI is approaching oversold, I'm hesitant to call for a mean reversion trade just yet. The overall trend remains bearish, and the SMAs are acting as significant resistance. A small long position might be viable with a very tight stop, but the risk/reward ratio doesn't seem favorable imo. I'd prefer to wait for a clearer bullish signal before considering a long entry.

I see what you're saying @redWind1, but be careful longing EURUSD against the trend! A tight SL is a must imo.

@redWind1 I see what you're saying about the RSI, but I'm not convinced about a mean reversion yet. EURUSD's been pretty bearish overall, and that 59 RSI isn't exactly screaming 'oversold' to me. A small bounce is possible, sure, but I'd be super cautious. That 200 SMA around 1.1840 looks like a strong resistance. If it breaks, then maybe we can talk about a long. Otherwise, I'm staying neutral for now. Tight SL is def the way to go if you try it though. Good luck!