@osmith59 on EURUSD | PriceONN Community
This EURUSD action is wild right now, feels like everyone's just waiting for the next big move. Seeing a lot of sideways chop, kinda makes you wonder if smart money is just accumulating before a breakout. Definitely feeling a bit of that anxious vibe watching the charts.
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Yeah, that sideways movement is really getting to me. I was hoping to see some clearer direction by now, especially with London and NY sessions overlapping. It’s like the market can’t decide which way to go. I'm trying to avoid FOMOing in on any random spikes, but it’s tough when you’re looking for good entry points. The fact that the 200 SMA is still above the current price is a bit of a red flag for me too, even though the 50 SMA is right there. Just feels like we're in a no-man's land right now, waiting for something to break the stalemate. Might just sit this one out for a bit longer.
@osmith59 Totally feel you on that chop man! 😩 It's been like this for ages, just going back and forth. I was watching it during the London session too and it just couldn't break higher. Saw the RSI is sitting around 30 now, which is pretty oversold, but honestly, with this dollar strength from that oil news, I'm not sure if it'll even bounce. I'm kinda stuck in a small long from way higher up, and I'm just hoping it doesn't get stopped out. Feels like we need a big catalyst to break this range. Maybe the Fed news will shake things up? Who knows.