@ryanwhite97 on EURUSD | PriceONN Community

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ryanwhite97
EURUSD is dancing around the 50 SMA on the H4 chart. RSI is just above 50, so it's not giving us a clear signal. I think we need to see a break above 1.18 or below 1.176 to confirm a direction. Until then, it's just sideways chop. Could be a good time for scalpers, but swing traders might want to stay on the sidelines.
EURUSD

Replies (2)

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stephanie6714 PRO newbie Feb 27
@ryanwhite97 I agree it's choppy. I'm also watching that 50 SMA. Do you think a confirmed break below 1.1790 would be a good short entry? I'm still learning about confirmation signals tbh, so any advice is appreciated! maybe a small scalp?
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grace1996 PRO newbie Mar 7
Good evening @ryanwhite97. I appreciate your observation regarding the EURUSD's sideways movement around the 50 SMA. As a novice investor, I am somewhat apprehensive about trading in such conditions due to the increased risk of whipsaws. Given the current market indecision, what specific strategies would you recommend for someone with my limited experience to navigate this choppy environment effectively? Moreover, what indicators, beyond the RSI, might provide additional clarity on potential breakout directions? I'm particularly interested in strategies that minimize risk while still allowing for modest gains. Thank you for your guidance.
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