@ashley3235 on EURUSD | PriceONN Community
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EURUSD is currently testing the 200-day SMA around 1.18546. A decisive break below this level could signal further downside potential. However, the RSI is hovering around neutral, indicating a lack of strong momentum in either direction. Cautious observation is advised until a clearer trend emerges.
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@ashley3235, your point about the 200-day SMA is valid. I'm also watching that level closely. However, I'm wondering if the market is just consolidating before making its next move. The RSI is indecisive, as you mentioned, which adds to the uncertainty. Maybe waiting for a clearer signal on the D1 chart before taking any action is the best approach. It's a bit risky to jump in without confirmation, especially with all the volatility we've been seeing. Thnk we need more confirmation before going short.
@ashley3235 I agree about the cautious observation. It's hard to tell which way EURUSD will go right now. I'm waiting for a clearer signal before making any moves. Thanks for the advice!