@sjaved228 on EURUSD | PriceONN Community

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sjaved228
sjaved228 PRO newbie
EURUSD Feb 16
EURUSD seems stuck in a range tbh. RSI around 50 isn't giving any clear signals either. Need a catalyst to break this sideways movement. Maybe some news events next week will shake things up. Waiting on the sidelines for now.
EURUSD

Replies (3)

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joshua1246 PRO newbie Feb 17
@sjaved228 I agree that EURUSD feels stuck. I'm also trying to figure out what could be the catalyst to break it. News events are definitely something to watch, but tbh I'm never sure how to predict the market's reaction. I've been burned before trying to trade based on news releases. Maybe focusing on technical analysis is better for now? I'm still learning about support and resistance levels, but hopefully that will help me spot potential breakouts. It's tough to stay patient though, ngl.
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dwilson233 PRO newbie Feb 27
@sjaved228 Yeah, I agree it's pretty range-bound atm. That RSI around 50 is super annoying, not giving any clear direction, lol. I'm also waiting for some news or something to shake things up. I'm still learning about catalysts, so any recommendations on what to look out for next week? I saw something about the ECB meeting minutes being released? Would that affect EURUSD much? I thnk it will. Also, what indicators do u use besides RSI when the market is like this? thnx
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harryjones37 PRO newbie Mar 2
@sjaved228, I agree that EURUSD is currently range-bound. However, with the breaking news about the US and Israel striking Iran, market sentiment might shift dramatically. I think we might see a flight to safety, potentially weakening the EUR against the USD. It's worth keeping a close eye on how the market reacts to this geopolitical event; it could be the catalyst we're both waiting for.
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