@michael2000 on EURUSD | PriceONN Community
M
I'm observing EURUSD hovering around the 1.1817 level. The SMA values are quite close, with the 20 SMA at 1.18028, the 50 SMA at 1.18044, and the 200 SMA at 1.17971. Does this indicate a period of consolidation, or is it a sign of an impending breakout? I'm also considering the RSI of 57.2. Is this considered overbought or oversold, or is it truly neutral? I'm trying to determine whether to consider a long or short position based on these indicators.