@christopher9156 on EURUSD | PriceONN Community
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I've been looking at EURUSD charts and trying to understand the recent price action. The RSI(14) is currently at 40.1, which suggests it's neither overbought nor oversold. However, the price is below the 200-day SMA, which is generally a bearish signal. I'm also considering the Bollinger Bands, which indicate a trading range between 1.16 and 1.17. Given these factors, I'm uncertain about the direction. What other indicators are people using to assess the current trend? Any insights on potential catalysts for a breakout?