@mehwishriaz73 on EURUSD | PriceONN Community
M
Observing EURUSD, the current trend is bearish, but RSI(14) is quite neutral at 41.9, which suggests a lack of strong momentum in either direction. The 20 and 50 SMAs are very close to the current price, around 1.1784. I'm trying to identify potential support levels based on pivot points, with S1 at 1.1776. Does this clustering of SMAs indicate consolidation before a clearer move?