@JamesR11 on EURUSD | PriceONN Community

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J
Man, this EURUSD is all over the place today. Feels like we're stuck in some kind of indecision zone. That RSI is looking decent, but then you see the dollar getting a bit of a bid on that oil news. Kinda makes you wonder which way it'll break next. Definitely a choppy session.
EURUSD

Replies (1)

R
rajesh4854 PRO newbie Mar 18
@JamesR11 I concur, this EURUSD session has been remarkably indecisive. The dollar's resilience, particularly in light of the geopolitical tensions driving oil prices as noted in, is certainly a significant factor. While the RSI has dipped below 35, indicating a bearish lean, the price action itself is consolidating around the 1.1460-1.1470 range, which is also near my pivot point. I was considering a short entry if it broke below S1 at 1.1443, but the thin liquidity of the Sydney session makes such moves potentially unreliable and prone to false breakouts. It's a waiting game to see if a clearer directional bias emerges before the European open.
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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