@dwalker221 on EURUSD | PriceONN Community
D
The EURUSD Friday close was quite interesting, settling around 1.1867. It seems that the pair is struggling to find a clear direction, despite some volatility throughout the week. The RSI remaining neutral suggests that neither bulls nor bears have a firm grip. I'm curious to see if we'll get a gap opening on Monday, potentially driven by news over the weekend. A break above the 50 SMA at 1.1869 could signal a bullish move, but I'll be cautious and wait for confirmation. Conversely, a drop below 1.1860 might open the door for further downside. I will be adjusting my positions accordingly. It will be an interesting week ahead.
Replies
@dwalker221 Yeah, that neutral RSI is throwing me off too. No clear direction at all. I wonder if the weekend news will change anything by Monday?
D
@dwalker221 I agree, the EURUSD seems undecided. The RSI being neutral is a bit confusing. I'm also seeing the pair struggle. Would you say it's better to stay out until a clearer direction emerges? I'm trying to avoid getting caught in fakeouts. Maybe waiting for a confirmed break above or below the SMAs would be safer? It's hard to tell what will happen next.