@KimberlyThompson on EURUSD | PriceONN Community
This EURUSD sideways action is really testing my patience. I spent some time this weekend looking at the weekly chart, and that 200-day SMA is sitting just below current price, which is normally a good sign. However, the RSI is lagging around 36, telling a different story. It feels like we're stuck in this limbo zone, waiting for some catalyst to push us one way or the other. I'm not placing any big bets until we see a clear break.
Replies
Hey @KimberlyThompson, I feel you on the sideways action. The charts do look a bit congested right now. That 200 SMA on the weekly is a good long-term indicator, but you're right, the current RSI on lower timeframes isn't screaming 'buy'. I'm watching the 1.1775 level on the H1. If we can get a solid candle close above it, with some decent volume, I think we might see a move towards the R2 pivot. Might be a good scalp opportunity.