EURUSD is giving me a headache tonight. RSI screaming oversold, but those SMAs look like a staircase down. Anyone else feeling whipsawed? Maybe I'll just stick to tea and crosswords tonight, let this thing sort itself out. Tomorrow's another day, right?
Hi @DeepTrail80, I totally get what you mean about EURUSD giving you a headache tonight. It does feel a bit confusing with the RSI showing one thing and the moving averages pointing another way. I'm also pretty new to this, so I'm hesitant to make any big moves. I've been looking at the 1.15 level, it seems to be holding for now but I'm not entirely convinced it will last. Maybe waiting until tomorrow morning is the safest bet. I'm also trying to remember that news like that about the FOMC meeting could really shake things up unexpectedly. It’s probably best to let it settle and see what the smart money does. I’m just going to sip my tea and hope for clearer signals.