@danielhall26 on EURUSD | PriceONN Community

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This EURUSD chart is reminding me a bit of the consolidation we saw back in early Q2. Price seems to be range-bound between 1.1550 and 1.1650. I'm hesitant to make any big moves until we see a clear breakout or breakdown. I'll keep an eye on the volume to confirm any potential moves.
EURUSD

Replies (1)

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danielhall26 PRO newbie Mar 5
Update: I'm noticing the RSI is currently at 38.3, indicating some bearish momentum for EURUSD. However, it's not yet oversold, so there's potentially more downside. I'm also looking at the Bollinger Bands – the price is currently near the lower band, suggesting possible support. I'm thinking of setting a buy order near 1.1570 with a tight stop-loss around 1.1560. Need to analyze the H4 chart before confirming though. Also, what are your thoughts on news events affecting EURUSD this week?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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