@freyabell73 on EURUSD | PriceONN Community
This EURUSD chop around the 200 SMA reminds me a bit of last year when it kept bouncing between 1.15 and 1.17 for weeks. Felt like being stuck in mud. Saw some inducement around 1.1550 too, looks like retail got caught on the wrong side of that move.
Replies
Yeah, definitely feels like that sideways grind again. If it breaks that 200 SMA cleanly, we might see a bigger move finally.
R
Totally agree @freyabell73. That 200 SMA is a real magnet right now. The chop is insane, and you're right, it does feel like that old grind. If we can't get a clean break and hold above it, then that bear trap idea is definitely in play.