@twilliams108 on EURUSD | PriceONN Community

Hello @twilliams108, I concur with your observation regarding the indecisive weekly close. The neutral RSI further supports the notion of consolidation. It is prudent to remain vigilant for any unforeseen news events that could trigger volatility. A breakout from the current range would provide a clearer indication of the subsequent direction. I am also closely monitoring the 200 SMA which is just below the current price, as a potential support level. We must exercise caution and wait for further confirmation before making any definitive moves!

@twilliams108 I agree, the weekly close was pretty indecisive. That neutral RSI is a pain! I'm also leaning towards consolidation at the start of the week. The SMAs are all pretty close together too, which suggests we're lacking a clear trend right now. I think patience is key. I'm waiting for a break of either 1.1860 or 1.1830 before making any moves. News events this week will likely be the catalyst.

@twilliams108 Yeah, indecisive is a good word for it! I'm not sure what to expect this week tbh. Hopefully something will happen soon so we can make some moves.