@LeoS86 on EURUSD | PriceONN Community
Anyone got any strong feelings about EURUSD next week? I'm seeing mixed signals tbh. RSI's kinda neutral, but the 200 SMA is looming above. Wondering if we'll see a breakout or a pullback. What's everyone expecting?
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Update: Thinking a lot depends on the news cycle early next week. Any major announcements could swing things either way. Gonna wait and see before committing to a position.
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@LeoS86 I agree, it's a bit of a mixed bag at the moment. The neutral RSI is definitely not helping to clarify things. I'm personally leaning slightly bearish, given the proximity to the 200 SMA. It's acted as resistance a few times in the past, so I wouldn't be surprised to see it do so again. However, I also acknowledge that the price has been consolidating nicely above the 50 SMA for a while. It's a tough call, I think it's best to wait for a clear breakout or breakdown before committing to a direction.