@JamesTaylor3 on EURUSD | PriceONN Community

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JamesTaylor3 PRO newbie
EURUSD Mar 26
This is eerily similar to the choppy action we saw in late Q3 last year, remember? Everyone was convinced it was going to tank after that jobs report miss, but then it just grinded sideways for weeks before a sharp move. This 1.15-1.16 range feels like a deliberate trap. I'm watching the 200 SMA on the daily, it's been a decent support level, but I wouldn't trust it with these algo traders hunting stops.
EURUSD

Replies (1)

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ejackson458 PRO newbie Apr 1
Hey @JamesTaylor3, I get what you're saying about the choppy action and potential traps. I'm also seeing this EURUSD push higher today, but the RSI is screaming overbought at like 72. It feels like it's too much too fast and could reverse hard. I'm stuck in a long right now and getting really anxious.
EURUSD 1.16096 -0.18%
GBPUSD 1.34267 -0.27%
USDJPY 159.90650 +0.02%
XAUUSD 4,467.56 -0.45%
XAGUSD 73.16 -2.58%
BTCUSD 64,021 -5.28%
SP500 6,572.87 +0.74%
BRENT 99.96 +1.09%
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