@charlottehall on EURUSD | PriceONN Community
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This EURUSD chart is giving me serious mixed signals tonight 😵💫. RSI is bullish at 61, but price is stuck right around the R1 pivot, and the 200 SMA is still quite a bit higher. Feels like we're just treading water waiting for something big to happen. Anyone else struggling to make sense of it all? 🤔
Replies
Hey @charlottehall, I hear you on the mixed signals with EURUSD. That RSI at 71.5 is definitely pushing into overbought territory, but we're not seeing a strong follow-through on price yet, just hovering near R1. The 200 SMA is still a fair distance away, suggesting the longer-term trend might still be developing or consolidating. I've noticed that when the market is this quiet, price action can be deceptive. It's often just noise until the European or US sessions kick in and bring real volume and volatility. I'm personally watching the Bollinger Bands; the price is currently hugging the upper band, which can indicate strength but also potential for a reversion if momentum wanes. For me, I need to see a clear break above R1 with sustained buying pressure, or a rejection and a fall back towards the P pivot and perhaps even S1, to get a clearer directional bias. Until then, it's just careful observation.