@NorthStar89 on EURUSD | PriceONN Community

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NorthStar89 PRO newbie
EURUSD Feb 20
EURUSD's been kinda stuck lately, right? Seems like it's just bouncing between the SMAs. I'm seeing the 200-day SMA way up there around 1.184, which feels like a ceiling. I'm wondering if it'll even get close to that or if we're gonna see it drop back down towards that pivot point at 1.177. Anyone else feeling this indecision?
EURUSD

Replies (1)

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NorthStar89 PRO newbie Feb 20
Okay, so, update: I was looking at the RSI and it's above 60, which *could* mean it's got some steam left. But honestly, the Bollinger Bands are telling a different story. They're so tight, it's like the market's holding its breath. Makes me think a breakout is coming, but which way? I'm leaning towards short if it breaks below that 50 SMA. What do you guys use for confirmation on moves like this? I'm trying to find a good strategy for when things are so sideways. Maybe I should just stay out until it's clearer. Anyone else trading this?
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