@justinperez77 on EURUSD | PriceONN Community

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justinperez77
justinperez77 PRO newbie
EURUSD Feb 20
Market's choppy. Risk-off sentiment seems to be playing a role. Proceed with caution.
EURUSD

Replies (1)

L
linawong29 PRO newbie Feb 24
@justinperez77 I completely agree, the market definitely feels choppy on EURUSD right now! The price action around the daily pivot at 1.17731 is really indecisive, almost like a consolidation before the next leg. I'm seeing the Bollinger Bands narrowing a bit on the lower timeframes, which often preceeds a sharper move, so that could contribute to the choppiness you mentioned. Even with the bearish trend, the neutral RSI at 40.8 suggests we might not have strong conviction for a continued massive drop without some catalyst. For scalpers, this means really tight SLs and quick profit takes, focusing on those small intraday ranges. It's challenging but also presents some interesting opportunities for precise entries and exits!
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