@aahmed423 on EURUSD | PriceONN Community
Watching EURUSD closely now. The dollar strength is really pushing it down, but we're seeing a bit of a bounce off that 1.1543 SMA on the daily. RSI is definitely overbought though, so I'm not convinced this is the start of a huge rally. Feels like we might see some consolidation before the next big move.
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Actually, I'm leaning slightly bearish for the short term. That RSI at 70 is screaming overbought, and even with the dollar strength, breaking that 1.1543 SMA convincingly would be a big deal. I'd be looking for shorts if it starts to falter around here, maybe targeting that pivot point at 1.1519.