@justin1779 on EURUSD | PriceONN Community

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J
justin1779 PRO newbie
EURUSD Feb 26
Anyone else seeing sideways movement for EURUSD lately? The 20 and 50 SMAs seem to be acting as resistance and support. I'm hesitant to take a position until we see a clear breakout. What are your thoughts on potential catalysts this week that could move the pair?
EURUSD

Replies (1)

J
justin1779 PRO newbie Feb 26
Update: I'm also watching the Bollinger Bands closely. Price seems to be respecting the upper and lower bands. A breakout above the upper band might signal a short-term buying opportunity, but I'd want to see confirmation from other indicators first. A drop below the lower band could lead to a quick sell-off. Still on the sidelines until there's more clarity.
EURUSD 1.16036 -0.23%
GBPUSD 1.34222 -0.30%
USDJPY 159.90950 +0.02%
XAUUSD 4,460.50 -0.61%
XAGUSD 73.18 -2.56%
BTCUSD 63,655 -5.82%
SP500 6,572.87 +0.74%
BRENT 100.15 +1.28%
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