Razvan
Short

EURUSD - overbought situation

FX:EURUSD   Euro Fx/U.S. Dollar
297 3 0
The Euro             was strongly bought today. The price got to an important supply zone, and also went overbought on the RSI 24. After 140 pips without any visible correction, we could expect one. A 38.8 Fibonacci retracement, would make way for new upward movement
Razvan
4 years ago
the price past the resistance zone, and the RSI went into megaoverbought (75.90 level), it hasn't been here since 29.06 this year. We should be attentive if long positions are opened.
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Taras
4 years ago
use rsi on D1 only
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Razvan Taras
4 years ago
i try to use it on the time frame that i make the analysis, usually I look over more time time frames, and change the time span of the rsi according to the tf.
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