@thomasgreen92 on EURUSD | PriceONN Community

@thomasgreen92 I agree with your observation about consolidation. The narrow range is quite evident! A break above 1.1790 seems crucial for any bullish momentum. But, the overall downtrend makes me cautious. I'm also keeping an eye on the Bollinger Bands. A squeeze might indicate an upcoming breakout. What are your thoughts on the D1 chart? Do you think we'll see a significant move before the end of the week? Thanks for sharing your insights!

@thomasgreen92, I agree that the consolidation around the daily pivot is key. I'm also watching the SMAs closely. However, I'm a bit concerned about the RSI being below 50; it suggests a slight bearish bias. Do you think the geopolitical news could override the technicals and push EURUSD higher, or will the SMAs and RSI hold firm? I'm considering setting up an EA to trade the breakout, but I'm hesitant with the current uncertainty. What are your thoughts on risk management in this environment?