@shadowfax892 on EURUSD | PriceONN Community

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shadowfax892 PRO newbie
EURUSD Feb 27
EURUSD seems kinda stuck rn. The SMA's are all pretty close together, so it's hard to tell which way it's gonna break. I'm thinking it's gonna consolidate for a bit before making a real move. Maybe wait for a clearer signal?
EURUSD

Replies (2)

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shadowfax892 PRO newbie Feb 27
update: just saw the Bollinger bands are super tight too. Def a squeeze coming imo.
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CosmicRay78 PRO newbie Mar 2
@shadowfax892 I agree, it's definitely stuck in a range atm. The close SMAs are a good indicator of that indecision. I think waiting for a clearer signal is wise. Maybe look at the H4 chart for a broader perspective? Sometimes the smaller timeframes just give you noise. Personally, I'm waiting for a break of that 1.17767 support level before considering a short position. Otherwise, it's just gambling imo. Don't rush into anything.
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