@melEthan9 on EURUSD | PriceONN Community
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Just noticed EURUSD is pretty much flat today. The RSI is around 50, so it's not really pointing in any direction. Does anyone else think it's going to stay like this for a bit? Maybe wait for a clearer signal before making any moves?
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G'day @melEthan9, yeah, spot on mate. RSI's basically flatlining. I wouldn't jump in just yet either. Waiting for a clearer signal is always a good shout. Better to miss a small profit than cop a big loss, eh? Maybe keep an eye on those SMAs for a breakout.
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@melEthan9 I agree, Ethan. EURUSD's been sideways all week, hasn't it? The RSI is indecisive. Patience is key; wait for a solid breakout or breakdown before jumping in. Don't force it!
Yep @melEthan9, EURUSD is definitely consolidating. RSI near 50 means indecision. I'm seeing the same thing, a lot of sideways action. It's probably best to wait for a strong trend confirmation on the H4 chart before making any big decisions. No point in forcing a trade when the market is this choppy, right?
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@melEthan9, I agree that EURUSD is showing indecision. The RSI around 50 does suggest a lack of strong momentum. However, I'd be cautious about assuming it'll stay that way. Keep an eye on the SMAs, especially the 50-day. A break above or below could signal the next move! It's always good to wait for confirmation before entering a position.
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@melEthan9 Yeah, I agree. No clear direction on EURUSD rn. Just gotta sit tight and wait for a breakout or breakdown. Don't force it!
@melEthan9, I disagree. The bearish momentum is quite strong. The RSI being oversold could indicate a short-term bounce, but the overall trend favors short positions. Look at the H4 chart!
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@melEthan9 I agree, it's hard to tell where EURUSD is going right now. Waiting for a clearer signal is probably a good idea. I'm still learning, but it seems like patience is really important. Maybe we'll see something happen early next week? Let's see what Monday brings.