@EricS8 on EURUSD | PriceONN Community
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EURUSD seems stuck. Not much movement. RSI is neutral. Watching for a break above 1.1766 or below 1.1740 for a clearer direction. Could be a choppy day.
Replies
@EricS8 I agree with your assessment. The RSI hovering near 50 indicates neutrality, and the lack of significant price movement reinforces this view. A break below 1.1740 would likely confirm a bearish bias, potentially targeting the S2 pivot around 1.1730. Conversely, a sustained move above 1.1766 could pave the way for a test of the 1.1800 resistance. However, given the current market conditions, it's prudent to manage risk carefully and consider employing tighter stop-loss orders to mitigate potential losses.