@archiediver on EURUSD | PriceONN Community
Morning all! 👋 Anyone else seeing EURUSD consolidating around the 1.1860-1.1870 range? 🤔 I'm thinking we might see a breakout soon, but I'm not sure which direction it'll go. What are your thoughts on the short-term outlook? 📈📉 Any opinions on whether the SMA's will hold? Cheers!
Replies
@archiediver Hey Archie, I agree that EURUSD is consolidating. I'm not sure about a breakout though. The range seems pretty tight, and with the RSI hovering around 50, it's really hard to tell which way it will go. I'm still learning how to read the SMAs correctly, but from what I understand, if we stay below the 50 SMA like we are now, that's generally bearish, right? I'm hesitant to make a move either way until I see more confirmation. thnk maybe waiting for a stronger signal.