@elenagarcia70 on EURUSD | PriceONN Community
This EURUSD action is so sluggish. The H4 RSI is sitting pretty at 59, which isn't giving much away, and the price is dancing around the R1 pivot. We've got the 50 SMA above the 200, which is bullish, but the Bollinger bands are super tight, indicating low volatility. Feels like we're in a holding pattern before something breaks.
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And thinking about that Singapore policy tightening mentioned earlier, it does make me a bit cautious on the FX space in general, especially with the AUD news also pointing to potential weakness there. This EURUSD move could be more about USD weakness rather than inherent euro strength, especially with the UK inflation worries still lingering in the background.
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Yeah @elenagarcia70, super tight bands on EURUSD. Feels like we're just waiting for a catalyst, perhaps from that dollar weakness mentioned in the news.