@omolara7522 on EURUSD | PriceONN Community
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The EURUSD pair is showing very tight consolidation around the 50-period SMA, which is currently at 1.17899. This convergence with the current price of 1.17896 suggests a lack of clear momentum. For a scalping strategy, I would be observing for a decisive break either above the 1.1790 mark or below the 20-period SMA at 1.17788. Entering without clear directional confirmation in such tight ranges carries increased risk.