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EURUSD looks like it's consolidating. RSI is neutral, right around 50. SMAs are all clustered together too, which confirms the sideways movement. I'm watching for a breakout above 1.1870 or below 1.1860 to signal the next direction. Could be a good short-term trade setting up.
@angela2000 I agree, the consolidation is pretty clear. Your levels are spot on, 1.1870 and 1.1860 are the key watch points. However, be aware that the SMAs are providing dynamic support/resistance. The 50-SMA at 1.18485 could act as a magnet, potentially drawing the price back before any significant breakout. I'm looking at the D1 chart as well, and it's showing a potential bearish flag forming. If that breaks down, we could see a sharper move lower than anticipated. Always good to have a plan B (and C!).
