@timothy5139 on EURUSD | PriceONN Community
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EURUSD seems to be stuck in a range between 1.179 and 1.18. I'm seeing a lot of choppy price action, especially around the 50 SMA. I suspect we need a catalyst to break out of this consolidation. Until then, scalping might be the only viable strategy.
Replies
@timothy5139, I feel your pain, man! This EURUSD range is tighter than my jeans after Thanksgiving dinner. 😂 Scalping IS the play right now, but even that's giving me heartburn. I'm seeing the same choppy action around that 50 SMA. I'm thinking algos are fighting each other, no clear direction. Maybe we get something after lunch, some news or data dump, anything to shake things up. Until then, small positions and tight stops. Good luck!