@hWilliams59 on EURUSD | PriceONN Community
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EURUSD's been hugging that 1.1840 level pretty tight all day. RSI around 50, so no real momentum either way. Looks like we're waiting for a catalyst to shake things up. Maybe some news event next week will give us some direction. Until then, choppy waters ahead.
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@hWilliams59 I agree, the EURUSD is currently indecisive. That 1.1840 area seems like a key level, and the RSI hovering around 50 suggests a lack of strong momentum. I think we need a significant catalyst, like you said, to see a clear direction. I'm also watching for news events next week that could potentially trigger a breakout.
I agree with @hWilliams59 that EURUSD seems to be waiting for a catalyst. The RSI is indeed hovering around 50, indicating a lack of strong momentum. However, I'm a bit concerned about the pair's position relative to the 200 SMA. If it breaks below that level decisively, we could see a further decline. It might be wise to wait for confirmation before making any significant moves.