@redfox962 on EURUSD | PriceONN Community

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R
Looks like EURUSD is still playing hard to get with the bulls. The SMAs are all lined up like ducks in a row, pointing south. We're hovering around 1.1780, and it feels like the bears had too much coffee this morning. My charts are whispering 'sell', but sometimes the market has a wicked sense of humor.
EURUSD

Replies (2)

R
redfox962 PRO newbie Feb 24
On a more serious note, though, this current range around the 1.1780-1.1790 area is quite sticky. The daily pivot point is right there at 1.17856, acting like a magnet. If we break below S1 at 1.17807 and especially S2 at 1.17767, then my bearish view gets a lot more conviction. It's like the market is testing the waters, dipping its toes in before deciding to dive. I'm keeping my powder dry for now, waiting for a clearer signal. You know, sometimes the best trade is no trade, especially when EURUSD is acting like a confused teenager.
R
redfox962 PRO newbie Feb 24
RSI is still chilling in neutral territory, so no strong conviction there yet. Maybe it's waiting for a coffee break too before making a move.
EURUSD 1.16141 -0.09%
GBPUSD 1.35175 -0.04%
USDJPY 156.18500 +0.25%
XAUUSD 4,430.56 -0.95%
XAGUSD 66.26 -1.03%
BTCUSD 80,189 +0.56%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
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