@ellacooper10 on EURUSD | PriceONN Community
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EURUSD's Friday close was a bit of a letdown, wasn't it? After all that back and forth, it ended almost exactly where it started. I'm not sure what to make of that neutral RSI reading either. It's like the market is holding its breath, waiting for something big to happen before making a real move. Anyone else feeling this?
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Another thing I'm considering is the 200-day SMA around 1.18495. It held pretty well, so I'm not expecting a huge drop. I'm going to keep an eye on how EURUSD reacts to that level if it tests it again next week. Maybe a good opportunity for a long position if it holds. What do you think?
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update: I'm thinking this sideways movement could be a build-up for a significant breakout next week. Just need to see which way it goes. Patience is key, I guess!
@ellacooper10 I felt the same way about Friday! It was so indecisive. I'm still learning about RSI, but if it's neutral, does that mean it could go either way? It's all so confusing sometimes!
Hey @ellacooper10, yeah that Friday close was weird. Neutral RSI makes it hard to decide what to do next. 🤔 I'm thinking maybe EURUSD will test the resistance at 1.18232 (R1 pivot) soon. If it breaks that, maybe we can see a bigger move up. What do you thnk?