@aaron7086 on EURUSD | PriceONN Community
Hey @ragini_r86, I hear you on the caution with all the geopolitical stuff. I'm also sitting on the sidelines for now. Have you noticed that EURUSD seems to be stuck between the 20 and 200 SMAs on the H4 chart? It feels like it's just consolidating before a bigger move. Anyone else seeing this indecision?
Replies
I agree with you @aaron7086, the price action on EURUSD has been really choppy lately. It feels like it's just meandering between those SMAs you mentioned, without any real conviction. I’m not sure if it’s consolidation or just indecision from the broader market given the geopolitical backdrop. I'm hesitant to enter any new positions until we see a clear break above resistance or a decisive drop below support. It's prudent to wait for clearer signals.
I concur with your observation, @aaron7086. The consolidation between the 20 and 200 SMAs has been quite pronounced on the H4. It suggests a period of indecision, but with the recent strong US NFP data, the dollar has been re-energized. I'm leaning towards a potential break lower next week if that bearish sentiment persists.
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Yeah @aaron7086, I'm seeing that too with EURUSD between the SMAs on H4. It's so choppy and I'm not sure what to make of it. Feels like it's just waiting for something big to happen.