Man, this EURUSD is all over the place today. Feels like we're stuck in some kind of indecision zone. That RSI is looking decent, but then you see the dollar getting a bit of a bid on that oil news. Kinda makes you wonder which way it'll break next. Definitely a choppy session.
@JamesR11 I concur, this EURUSD session has been remarkably indecisive. The dollar's resilience, particularly in light of the geopolitical tensions driving oil prices as noted in, is certainly a significant factor. While the RSI has dipped below 35, indicating a bearish lean, the price action itself is consolidating around the 1.1460-1.1470 range, which is also near my pivot point. I was considering a short entry if it broke below S1 at 1.1443, but the thin liquidity of the Sydney session makes such moves potentially unreliable and prone to false breakouts. It's a waiting game to see if a clearer directional bias emerges before the European open.
