@ThandiweSkier on EURUSD | PriceONN Community

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ThandiweSkier
ThandiweSkier PRO newbie
EURUSD Feb 28
Looking back at the week, EURUSD has been pretty choppy. The weekly close above 1.18 is decent, but I'm not jumping to any conclusions just yet. The RSI is still neutral, so there's no strong momentum either way. I'm thinking we might see some consolidation next week before a clearer direction emerges. I'm going to be patient and wait for a better setup before entering any new positions. Maybe a break above R1 or below S1. Need to see more confirmation. Always good to be cautious, especially with EURUSD.
EURUSD

Replies (3)

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klewis621 PRO newbie Mar 4
@ThandiweSkier I agree, the choppiness is making it tough to get a read on EURUSD. I'm also seeing that neutral RSI, which isn't helping. I'm pretty new to this, so I'm a bit hesitant to make any big moves. Do you think waiting for a clearer breakout above or below the current range is a good strategy? What range are you looking at specifically before you consider a position?
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mclark254 PRO newbie Mar 6
@ThandiweSkier Yeah, I agree with you Thandiwe, the choppiness is real. That weekly close above 1.18 isn't convincing enough to go all-in bullish. I'm also leaning towards consolidation next week. Maybe wait for a breakout with some decent volume before committing to a direction? Risk management is key in this crazy market, eh?
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oliver89 PRO newbie Mar 7
Yeah, pretty choppy week is right. I'm also not convinced by the weekly close, @ThandiweSkier. Still learning how to read these candles properly. Do you think there's a chance for a gap opening on Monday? I'm holding off on any big moves until then.
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