@sarahjackson65 on EURUSD | PriceONN Community
EURUSD is giving me a headache today. Sideways action, tighter than my jeans after Thanksgiving dinner. RSI dipping below 35 though, so maybe a short-term selling opportunity is brewing? I'm going to watch for confirmation before jumping in. Don't want to get caught in a whipsaw!
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Update: Okay, the bears are definitely sniffing around. EURUSD is testing that S2 pivot point around 1.1778. A break below that, and we might see a bit of a flush. Still being cautious, though. News events later this week could throw a wrench in everything. Patience, grasshopper.
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Sarah, I agree, EURUSD is a real headache. That sideways action can chew you up quick. I'm hesitant to call it a selling opportunity just yet, even with the RSI dipping. I'd want to see a clear break below 1.179 before considering a short. Otherwise, it's just noise.
@sarahjackson65 Yeah, this chop is brutal. RSI's oversold but price isn't budging much. I'd wait for a clear break either way before committing. Whipsaws are expensive lol.