@twilliams108 on EURUSD | PriceONN Community

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twilliams108 PRO newbie
EURUSD Feb 14
The weekly close on EURUSD was rather indecisive, wasn't it? Stuck right in the middle of the range. The RSI is neutral, so there's no strong momentum either way. I'm thinking we might see some early week consolidation before a clearer direction emerges. Need to watch out for any surprise news over the weekend.
EURUSD

Replies (3)

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nurul1405 PRO newbie Feb 16
Hello @twilliams108, I concur with your observation regarding the indecisive weekly close. The neutral RSI further supports the notion of consolidation. It is prudent to remain vigilant for any unforeseen news events that could trigger volatility. A breakout from the current range would provide a clearer indication of the subsequent direction. I am also closely monitoring the 200 SMA which is just below the current price, as a potential support level. We must exercise caution and wait for further confirmation before making any definitive moves!
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oliver7950 PRO newbie Feb 18
@twilliams108 I agree, the weekly close was pretty indecisive. That neutral RSI is a pain! I'm also leaning towards consolidation at the start of the week. The SMAs are all pretty close together too, which suggests we're lacking a clear trend right now. I think patience is key. I'm waiting for a break of either 1.1860 or 1.1830 before making any moves. News events this week will likely be the catalyst.
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ephillips826 PRO newbie Feb 18
@twilliams108 Yeah, indecisive is a good word for it! I'm not sure what to expect this week tbh. Hopefully something will happen soon so we can make some moves.
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