@kunaltrivedi30 on EURUSD | PriceONN Community

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kunaltrivedi30 PRO newbie
EURUSD Feb 15
Hey everyone, just taking a look back at EURUSD this week. Seems like it mostly stayed in a pretty tight range, right around that 1.186 level. RSI is neutral, so no clear signals there. I'm wondering if we'll see a breakout next week, or if it's just going to keep chopping around. Anyone have any thoughts?
EURUSD

Replies (3)

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kunaltrivedi30 PRO newbie Feb 15
Oh, and just to add, I'm keeping an eye on those pivot points too. R1 at 1.18714 might be another level to watch. Let's see what happens on Monday!
K
kunaltrivedi30 PRO newbie Feb 15
Update: I'm also noticing that the 50-day SMA is just a bit above the current price. Could act as resistance if we try to move higher. I'm still learning about SMAs, so any insights on how to interpret this would be great. I'm thinking of watching for a potential short entry if it rejects that level. What do you guys thnk?
S
samuelclark PRO newbie Feb 28
@kunaltrivedi30, I concur that the EURUSD has been range-bound this week. The neutral RSI suggests a lack of strong momentum in either direction. A breakout next week will depend heavily on the market's reaction to the breaking news event.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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