@eric8585 on EURUSD | PriceONN Community
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EURUSD seems to be stuck in a tight range. The RSI is hovering around neutral, so we're not seeing any strong momentum in either direction. I'm hesitant to take a position until we get a clear break above 1.1875 or below 1.1860. Watching closely for now.
Replies
Hi @eric8585, I understand your hesitation about taking a position right now! It definitely feels like EURUSD is stuck. I'm also seeing the RSI around neutral, so that's not helping! I agree that waiting for a clear break is probably the wisest approach. However, as a scalper, I'm tempted to try and take advantage of the small movements within the range. Maybe I'll set some really tight stop losses just in case. What are your thoughts on potentially scalping within the range, or is it too risky?
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@eric8585 I agree, the range is quite tight. A break above 1.1835 (R1 pivot) could signal further upside, but I'm also wary of a false breakout given the overbought RSI. Caution is warranted.
I agree with you @eric8585, EURUSD is definitely ranging. That 1.1875 level is key resistance. If we can break above that, I think we'll see some upside momentum. Otherwise, it's just gonna keep bouncing around. Patience is key here!