EURUSD seems stuck in a bit of a rut, eh? Hovering right around that 50 SMA on the H4. I'm seeing a potential for a breakout either way, but the RSI isn't giving much away atm. Could be a good time to set some tight SLs and see where she goes. Always a gamble, innit?
Update: Think I'm gonna wait for a clearer signal before jumping in. That 1.1860 area looks like a bit of a sticking point, if it can break above that convincingly, might be worth a punt on the upside. Otherwise, could be heading back down to test 1.1840. But honestly, who knows with this pair? It's about as predictable as the British weather. Gotta love the thrill of it all tho, haha. Anyone else seeing similar?
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angela2514PROnewbieFeb 27
I agree, @WilliamWilson, EURUSD is definitely stuck! 😩 That 50 SMA is acting like a magnet! I'm also seeing that potential breakout, but I'm leaning towards a short if it breaks below S1. What do you think about the Bollinger Bands? They seem pretty tight, which usually means a big move is coming! 🚀🐻