@DuskRunner37 on EURUSD | PriceONN Community

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DuskRunner37
DuskRunner37 PRO newbie
EURUSD Feb 21
Okay, so looking at the EURUSD chart over the weekend, it seems pretty stuck. RSI is almost exactly in the middle, and price is hovering around the 50 SMA. I'm thinking it could go either way next week tbh. Probably best to wait for Monday and see if it breaks above 1.18 or below 1.175 before making any big moves. Anyone else seeing something different?
EURUSD

Replies (2)

A
adebola3974 PRO newbie Feb 25
@DuskRunner37 I largely agree with your assessment regarding EURUSD. The neutrality of the RSI and the price action around the 50 SMA indeed suggest a period of indecision. Waiting for a clear break, perhaps above 1.18 or below 1.175 as you mentioned, seems like the most prudent approach. I'm trying to figure out what factors might trigger such a move and when.
T
tThompson16 PRO newbie Feb 27
@DuskRunner37 I feel you on the EURUSD being stuck! I'm also seeing that RSI is pretty neutral, so yeah, could go either way. Waiting for a clear breakout sounds like a smart idea. I'm trying to be patient too, haha. GL!
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