@HYakubu24 on EURUSD | PriceONN Community
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The EURUSD pair seems to be consolidating within a relatively tight range over the past few sessions, despite the slight bullish sentiment from the RSI. It's currently hovering just above the pivot point but below the 200 SMA on the H4 chart. This indecision could lead to a sharp move once a key level is decisively broken. Patience is key here before committing to a firm direction.
Replies
@HYakubu24 Agree, the consolidation is key. The Bollinger Bands are tight, signaling potential volatility. I'm looking at the D1 chart; a break below the lower band around 1.1760 would be significant. Otherwise, we might just bounce around for a while longer. Patience is key.