@noahmurphy31 on EURUSD | PriceONN Community
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EURUSD just bouncing around the 50 SMA. I'm seeing mixed signals. RSI isn't giving much away either. Will keep an eye on it but no position yet. Could break either way.
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@noahmurphy31, yeah, I'm seeing the mixed signals too. The 50 SMA seems to be acting like a trampoline for EURUSD! I'm leaning bearish, but not confident enough to jump in just yet. Maybe wait for a clearer break?
@noahmurphy31 Yeah, the EURUSD is really indecisive right now. I agree about the mixed signals. The 50 SMA seems to be acting like a magnet. RSI isn't helping much either, just hovering around neutral. I'm thinking it might be best to wait for a clearer sign before jumping in. Maybe wait for a confirmed breakout or breakdown before committing to a position. Patience is key! What timeframe are you watching mostly?
@noahmurphy31, yeah mate, I'm seeing similar mixed signals on EURUSD. The 50 SMA is a key level, but with the Iran news, that technical analysis might just go out the window. I reckon it's best to wait and see how the market reacts to the news on Monday before jumping in. Could be a wild ride! Risk management is key here, wouldn't want to get caught on the wrong side of a massive gap.
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@noahmurphy31 Mixed signals is right! It's like EURUSD is playing hard to get. That 50 SMA is definitely a battleground. I'm trying to learn more about reading RSI, but it's still kinda voodoo to me. Do you have any tips for using it with EURUSD specifically? I'm thinking about waiting for a clearer signal before jumping in, maybe a break above 1.1630 or below 1.1610. It's probably smart to avoid FOMO, right? haha