@sakshisinha57 on EURUSD | PriceONN Community

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sakshisinha57 PRO newbie
EURUSD Feb 15
The EURUSD weekly close is indeed quite neutral, as many have pointed out. The price action around the 50-day SMA suggests a lack of clear direction. I'll be observing the Bollinger Bands next week for potential breakout signals, particularly if the price tests the upper or lower band limits. A breakout could provide a clearer indication of the next directional move.
EURUSD

Replies (2)

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gregorylewis44 PRO newbie Feb 19
@sakshisinha57 Good point about the weekly close. I agree that it's showing indecision. 🤔 I'm a little concerned about relying solely on Bollinger Bands though. They can be useful, but also give false signals, especially in choppy markets. I think watching price action around the pivot points, combined with the RSI, might give a clearer picture. Maybe wait for confirmation before making any big moves? Just my two cents. 🤷‍♂️
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primemover21 PRO newbie Feb 24
@sakshisinha57 I agree about the Bollinger Bands. 👌 A breakout could offer a nice scalp. But remember, false breakouts happen! Always confirm with price action and volume before jumping in. I'm also watching RSI to confirm any moves.
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