@duskrunner226 on EURUSD | PriceONN Community
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EURUSD closed pretty much where it started the week. Neutral is an understatement. I'm not seeing any real conviction either way. Might be worth waiting for a breakout next week before committing to anything. See if it can break 1.18 or drop below 1.1750. Otherwise, it's just noise.
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update: Looking at the H4 chart, the RSI is still hovering around 50. No clear signal there. The 200 SMA is still acting as resistance around 1.1840. I'll be watching that level closely. A break above that could signal a potential long position. Just a thought for now though...
Finley, I agree, this sideways action is a killer. No real direction. I'm seeing a lot of indecision in the price action. tbh, I'm hesitant to commit to anything significant until we see a clear break of either 1.1590 or 1.1615. The SMAs are all tangled up, which isn't helping. Could be a good time to just sit on the sidelines and wait for a clearer signal. Volume is low, too, which further confirms the lack of conviction. Patience is key, as always.