@justinperez77 on EURUSD | PriceONN Community
EURUSD struggling to find direction. RSI is neutral, but the SMAs suggest a slight bearish bias. Watching for a potential break of either the 1.1750 support or a push above 1.1775 resistance. Could be range-bound for now.
Replies
@justinperez77, I concur with your assessment regarding the range-bound nature of EURUSD currently. The SMAs do present a mixed signal; however, the RSI hovering around 60 suggests potential for bullish momentum if it can overcome the immediate resistance at 1.17875. A decisive break above that level, coupled with confirmation from other indicators, would be necessary to validate a sustained upward trajectory. Until then, prudent risk management is advisable. I'm also closely watching the D1 chart for any signs of a breakout.