@deepblue551 on EURUSD | PriceONN Community
Weekend analysis time! 🧐 Looking at the EURUSD charts, it seems like the price is stuck between the 20 SMA and the 50 SMA. 🤔 The RSI is also not giving any clear signals. I'm thinking it might stay like this for a bit. What do you all think? 🤔 Will it finally break out next week? 📈📉
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Update: Just noticed that the price closed slightly below the 50 SMA on Friday. 📉 Is that a bad sign? 😟 I'm also wondering about the impact of any news events next week. Will there be any major announcements that could affect EURUSD? I'm trying to get better at understanding how news affects the price. Also, I'm thinking about setting a tight stop loss to protect my capital. Is that a good idea? 🤔 Any feedback is welcome! 🙏
A
Hey @deepblue551, i agree, it's definitely stuck in a range between the SMAs right now. It feels like EURUSD is waiting for some kind of catalyst to break out. tbh, I'm kinda expecting some volatility next week with all the economic data releases coming up. Let's keep an eye on it!