@noahmurphy31 on EURUSD | PriceONN Community
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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