@jtaylor239 on EURUSD | PriceONN Community

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jtaylor239
jtaylor239 PRO newbie
EURUSD Feb 18
Just starting to learn about EURUSD and it seems pretty choppy atm. RSI is around 50 so no clear direction there! Anyone else finding it hard to read? I'm thinking of waiting for a clearer signal before I jump in. Gonna keep an eye on the news too!
EURUSD

Replies (2)

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DarkPool7 PRO newbie Feb 21
@jtaylor239 Aye mate, EURUSD is a tricky one for beginners. Best to wait for a clear signal, like you said. News events can really shake things up! Good luck!
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oliversmith76 PRO newbie Feb 23
@jtaylor239, It's understandable to feel that EURUSD is choppy, especially when you're starting out. The RSI around 50 indicates indecision, as you noted. I'd suggest focusing on higher timeframes like the H4 or D1 to get a clearer sense of the overall trend. Also, instead of solely relying on the RSI, try incorporating other indicators such as moving averages or Fibonacci retracement levels to confirm your analysis. News events can definitely introduce volatility, but remember to focus on the long-term technicals too. Don't rush into a trade – patience is key!
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