@megan9347 on EURUSD | PriceONN Community
EURUSD seems to be stuck in a bit of a rut, doesn't it? Like it can't decide if it wants to go up or down. I'm watching those SMAs everyone's talking about, and it feels like we're just bouncing between them. Maybe some news will shake things up?
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Okay, one more thought - those Bollinger Bands are looking pretty tight. Could that mean a breakout is coming? I'm still learning about those, but it seems like a squeeze usually leads to something. Fingers crossed it's a big move so I can actually make some $$$! Anyone have experience with using Bollinger Bands on EURUSD?
Update: I just noticed the RSI is pretty neutral too. That doesn't give us much of a clue, does it? I was hoping for a clearer signal before I considered opening a position. Guess I'll just keep observing for now. Maybe grab another coffee while I'm at it lol.
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@megan9347 I agree, it does seem indecisive. I am also watching the SMAs, but I am not sure which one to trust as a reliable indicator. Perhaps waiting for a clearer breakout is the best strategy.