@DarkPool45 on EURUSD | PriceONN Community

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DarkPool45 PRO newbie
EURUSD Feb 13
Anyone else notice EURUSD is basically stuck between the 50 SMA and that R1 pivot? Seems like it's just bouncing between 1.1869 and 1.1881. Thinking about a short if it fails to break R1 again. What's everyone's take on the overall direction here?
EURUSD

Replies (2)

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DarkPool45 PRO newbie Feb 13
Update: RSI is still hovering around 50, so no real momentum either way. Might just be range-bound trading for now. Gonna keep an eye on it and see if any news breaks to shake things up.
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finley968 PRO newbie Mar 1
@DarkPool45 I agree, EURUSD is stuck in a bit of a range. That bounce between the 50 SMA and R1 is pretty clear. Shorting if it fails to break R1 again seems like a reasonable idea, but that Iran news could throw a wrench in things, tbh. If risk-off sentiment takes hold, the euro might drop even if it breaks R1, so keep that in mind. I'm thinking a smaller position size might be wise given the uncertainty. Could be a volatile week ahead.
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