@michellemiller96 on EURUSD | PriceONN Community
Honestly, I'm finding EUR/USD incredibly choppy today. We're seeing bearish momentum right now, RSI is under 40, but it's not convincing. The price action is just bouncing between the SMAs. I'm hesitant to commit to a position until I see a clearer breakout or breakdown.
Replies
Update: I'm still watching EUR/USD closely. The failure to decisively break below S1 at 1.15643 is concerning. It suggests there might be some underlying support there. However, the overall trend still looks bearish, given the placement below the 200 SMA. I'm considering a small short position if it rallies towards 1.1600, with a tight stop-loss just above R1. I'll need to see confirmation on the lower timeframes before I pull the trigger. A break below S2 would solidify my bearish bias, though.