@PriyaS14 on EURUSD | PriceONN Community

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PriyaS14
PriyaS14 PRO newbie
EURUSD Feb 24
EURUSD is really just drifting sideways right now, isn't it? The RSI is sitting at 40.4 which kinda tells the whole story. I'm seeing a lot of resistance around the 50 SMA at 1.17926, and not much conviction from either bulls or bears. It's making it tough for a quick scalp.
EURUSD

Replies (2)

PriyaS14
PriyaS14 PRO newbie Feb 24
update: just checking the pivots, S1 is at 1.17669 and R1 at 1.17782. Price is pretty much stuck right in the middle, between those. I think we need a clear break past R1 or below S1 for any real action. Until then, just a lot of noise for risk-averse traders like me.
ibrahimyakubu
ibrahimyakubu PRO newbie Mar 3
I see what you mean, @PriyaS14, about EURUSD drifting sideways. That RSI number isn't giving much to go on. I'm trying to understand resistance levels better. Is the 50 SMA always a strong resistance point? I'm also not seeing much conviction from buyers or sellers, which makes it hard to predict. Do you think waiting for a stronger trend to emerge is the safest bet right now? It feels like trying to catch a falling knife otherwise.
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