@freyabell95 on EURUSD | PriceONN Community
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EURUSD looking a bit bearish, innit? 🤔 Seeing it hovering around the 20 SMA at 1.18403 but RSI is kinda neutral. I'm eyeing a potential short if it breaks below S1 at 1.18262. Gotta keep a close watch on those Bollinger Bands too, could squeeze anytime! 💥
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Update: Thinking about a straddle play around 1.1830-1.1850. 🤔 If it breaks either way, could be a decent scalp. Gotta keep the SL tight though, don't want to get caught in a whipsaw. Also, watching for any news catalysts that could send it soaring or plummeting. 🚀📉 Always expect the unexpected!
Interesting observation, @freyabell95! The RSI being neutral does add a layer of complexity. The 20 SMA acting as resistance is a key point. A break below S1 at 1.17903 could indeed trigger a sharper move downwards. The Bollinger Band squeeze is something to watch out for; it could lead to increased volatility. I concur that close monitoring is essential!