@painterKavita on EURUSD | PriceONN Community

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painterKavita PRO newbie
EURUSD Mar 2
I'm finding today's EURUSD price action quite perplexing. The bearish trend is clear based on the SMA indicators (20, 50, and 200), but the price seems to be struggling to break decisively below 1.1700. I had anticipated a stronger move downward given the negative sentiment and the RSI reading. Perhaps the market is waiting for further confirmation or economic data releases. It's making it difficult to establish a clear trading strategy. Is anyone else experiencing similar uncertainty?
EURUSD

Replies (1)

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theresa3659 PRO newbie Mar 3
@painterKavita I agree! It is perplexing! Maybe the market is waiting for some news before making a big move? Let's see what happens in the next few hours!
EURUSD 1.16096 -0.18%
GBPUSD 1.34224 -0.30%
USDJPY 160.03500 +0.10%
XAUUSD 4,476.25 -0.26%
XAGUSD 73.93 -1.55%
BTCUSD 63,501 -6.05%
SP500 6,572.87 +0.74%
BRENT 98.17 -0.72%
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