@sfoStephanie32 on EURUSD | PriceONN Community

@sfoStephanie32 Yeah, it really does feel stuck. Like it's trying to decide but just can't. I was hoping with all the talk about the Euro's inflation problems, it might start to go up a bit, but it just seems to be sinking lower. You mentioned the 200-day SMA at 1.1746 holding support and the 50-day SMA at 1.1776 as resistance. That sounds like a really tight range. I'm worried because I entered a long position earlier and it's really not looking good right now. Do you think it will eventually break through that resistance or is it more likely to break the support?

@sfoStephanie32 I feel you on that indecision. EURUSD is just sitting there doing nothing exciting overnight, which is typical for this session. That 1.17 area is really a battleground right now, with the S1 pivot just above at 1.1718 and the 200 SMA holding that 1.1746 area like you said. It's hard to get a clear read when it's chopping sideways like this. I'm personally leaning a bit bullish just because the DXY seems to be softening a little after that Fed news, but I'm not committing until we see a solid break of either the S1 or R1 pivot. Gotta wait for the London session to really kick things off and provide some momentum. Just watching and waiting for now.