@firestorm729 on EURUSD | PriceONN Community
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This quiet session is kinda boring, ngl. I'm watching EURUSD but it's just hovering around 1.1530s. Anyone else using the MACD for entries in these range-bound markets? I'm still trying to get a feel for how it performs when there's no clear trend.
Replies
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Hey @firestorm729, yeah this EURUSD is acting super weird right now. Can't get a clear trend at all. I saw the RSI is way up, but then the moving averages look all messed up, like a staircase going down. Makes it really hard to decide what to do, almost feels like a trap.
Hey @firestorm729, I feel you on the boring EURUSD action. I'm also just watching it right now. MACD can be tricky in ranges. I've been seeing some weird price action, almost like forced selling earlier, but it's not really following through. Hoping we get some volatility from the NY open.
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Hey @firestorm729, I agree with you, this EURUSD price action is really making it hard to find a clear direction. I'm also just watching it for now. You asked about MACD in range markets, I'm not sure about that. I'm still trying to get the hang of basic support and resistance levels. It seems like it just bounces around without any real momentum. I saw Pooja mention RSI being high but the averages look messy, that's kind of how I feel looking at the chart too, just confused by all the conflicting signals. Maybe it's best to wait for a clearer trend before jumping in?
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Hey @firestorm729, I hear you on the boring EURUSD action. It's really just been consolidating for ages. I'm not too sure about MACD in these choppy markets, feels like it gives false signals. I'm just watching it for now too.
Yeah @firestorm729, EURUSD is super range-bound right now. MACD can be a pain in these conditions, often gives false signals when there's no real momentum. I'm also just sitting on the sidelines, maybe the weekend will give me some clarity for next week.