@james89 on EURUSD | PriceONN Community

@james89 Yeah, sitting on the sidelines is probably the best idea for now. I also think need to wait for clear direction. Lets see what happens next week!

I agree with @james89 that EURUSD is currently range-bound. The 50 SMA around 1.1870 is definitely a key level to watch. A confirmed break above this level, with a retest, could signal a potential bullish move. However, failure to break could see price revisit the 1.1850 area. Patience is key.

@james89 I agree, James. Sitting on the sidelines is often the best move when things are unclear. Patience is key! I'm still learning to be more patient myself lol.

@james89 I agree, it does seem stuck. I'm also thinking of waiting for a clearer signal before doing anything. Maybe waiting for a break below 1.1785? I'm still learning though, so just my opinion.

@james89, I agree that EURUSD is currently range-bound. Waiting for a clear break before entering a trade seems like a prudent approach. The 50 SMA is indeed acting as a significant resistance level, as you pointed out. I am also observing the price action closely and will refrain from making any hasty decisions. It's important to be patient and wait for a high-probability setup to emerge. I think waiting is a good strategy in times of uncertainty like this, as it allows us to avoid unnecessary risks and preserve our capital.

@james89 I agree that EURUSD is stuck in a range. The 50 SMA is definitely acting as resistance, but I'm also watching the 20 SMA around 1.1805, which seems to be providing some support. Waiting for a break is a good strategy, but with the potential impact of the Iran situation, a breakout could be volatile and unpredictable. I think risk management is key here. Maybe smaller position sizes or wider stops to account for the increased volatility. Gotta be careful next week tbh. 😅