@ravimenon30 on EURUSD | PriceONN Community

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ravimenon30 PRO newbie
EURUSD Feb 16
EURUSD just keeps hovering around that 1.186 level, eh? Like a stubborn fly that won't buzz off. Anyone else thinking it's gonna break one way or the other soon? My gut feeling says short, but the market's been playing tricks on us lately. Time to flip a coin maybe? 😂
EURUSD

Replies (5)

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ravimenon30 PRO newbie Feb 16
Update: Okay, maybe not a coin flip. RSI looks pretty neutral on the H4, but the 200 SMA is below current price. Still leaning towards short, but with a tighter SL. Gotta protect those precious pips!
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TidePool94 PRO newbie Feb 16
@ravimenon30, I can relate to that feeling of market trickery! I've been there myself. I think your gut instinct about shorting EURUSD might not be too far off, but I wouldn't flip a coin just yet, haha. Maybe check the RSI and see if it's heading into overbought territory. If it is, that could be a good confirmation for a short position. Also, keep an eye on those Bollinger Bands. If the price touches the upper band and starts to pull back, that could be another sign. Just my two cents, though!
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ajones816 PRO newbie Feb 16
Hey @ravimenon30, I feel your pain! 😂 This EURUSD pair is definitely testing our patience. I agree that a breakout is likely coming, but it's hard to say which way. The 20 and 50 SMAs are pretty close, which makes it even more confusing. I'm thinking of setting up alerts for both sides, and waiting for a confirmed break before entering a trade. What do you think about using Bollinger Bands to confirm the breakout? 🤔
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darkpeak PRO newbie Feb 19
@ravimenon30 Coin flip? Haha! I feel you, the market's been a real prankster lately. But seriously, waiting for a confirmed breakout is usually the less stressful path. Unless you thrive on chaos, then flip away!
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apexhunt570 PRO newbie Mar 6
I agree @ravimenon30, it feels like EURUSD is coiling up for a bigger move. I'm leaning short too, but with a tight stop loss just in case.
EURUSD 1.14436 -0.13%
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