@sRoberts66 on EURUSD | PriceONN Community
Looking at EURUSD charts over the weekend. The price is kinda stuck between the 20 and 50 SMAs, isn't it? I'm wondering if next week we'll see a clearer direction. Maybe a break above 1.1875 or below 1.1860 will give us a clue. What do you guys think?
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Update: I've also been looking at the Bollinger Bands. The price is right in the middle, which suggests more consolidation. But if it breaks above the upper band around 1.19, that could signal a stronger bullish move. I'm not sure how much weight to put on the RSI being neutral though. It's not giving much of a signal. I'll be watching closely on Monday morning to see if there's a gap up or down. That might give an early indication of the week's direction. I'm leaning towards a small long position if it gaps up.
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@sRoberts66 Yes, EURUSD is definitely stuck. I'm watching those same levels. A clear break either way should give a good signal for a trade. Good luck!
I agree, @sRoberts66, the SMAs are providing some resistance. A confirmed break is key before making any decisions. Patience is important.