@JackFisher on EURUSD | PriceONN Community
Right, so EURUSD closed pretty much where it was earlier in the week, around 1.16133. Not a huge amount of movement, tbh. I'm still trying to get my head around the SMAs – the 200 is way up at 1.17024, so that's a good way off. I wonder if we'll see it test that next week?
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Update: I've been looking at the charts a bit more. The Bollinger Bands are super tight right now – all sitting around 1.16 – which usually means a big move is coming, right? I'm thinking it could go either way though. The RSI is only at 54.8, so not really overbought or oversold. I'm still learning all this, so any thoughts would be great. I'm thinking of maybe setting a limit order just above R1 at 1.16077, but I'm a bit nervous about a fakeout. What do you guys think?