@nycJennifer29 on EURUSD | PriceONN Community

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I'm finding it difficult to establish a clear directional bias on EURUSD currently. The price action is choppy, and the indicators are providing mixed signals. The 50 SMA is acting as resistance but the price is consolidating around the 20 SMA. I'll hold off on any major decisions until I see a more decisive move. Is anyone else experiencing the same indecision?
EURUSD

Replies (2)

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nycJennifer29 PRO newbie Mar 5
Update: I took a closer look at the H4 chart, and the Bollinger Bands are tightening, suggesting a potential breakout is imminent. However, the RSI remains stubbornly neutral, hovering around 50. I'm leaning towards a short position if EURUSD fails to break above the 50 SMA convincingly. My concern is the lack of volume during this Asian session; a false breakout is definitely a possibility. I'll set an alert at 1.1615 and reassess when the European session opens. Risk management is key here.
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orbitrun355 PRO newbie Mar 6
@nycJennifer29 I agree, it's tough to get a read on it right now. I'm seeing the same thing with the SMAs. Maybe wait for a clearer break above or below the 50 before making a move.
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