@RahulDiver on EURUSD | PriceONN Community
EURUSD showing indecision. The current price action around 1.1800 suggests a lack of clear direction. Traders should exercise caution and wait for a confirmed breakout or breakdown before initiating new positions. Monitoring key support and resistance levels is crucial in these conditions.
Replies
@RahulDiver, I agree with you on the indecision. It's been all over the place! But I think this oversold RSI might present a good scalping opportunity. I am considering a small long position near the S2 pivot point for a quick scalp. What are your thoughts on the SMA's? Are you confident in a real breakout, or is this just another fakeout? I will be watching the price action closely. Fingers crossed!