EURUSD looks pretty flat. RSI is near 50, SMAs are all close together. Seems like it's waiting for something to happen. Any thoughts on what news events might move it this week?
Update: I'm running some backtests on EURUSD with different SMA combinations. Trying to see if there's a consistent pattern for predicting short-term moves. So far, 20 and 50 SMA crossovers seem promising, but the data is noisy. Anyone else use SMAs for EURUSD scalping? What timeframes do you find most effective? I'm also looking at incorporating volume data to filter out false signals. The goal is to build a simple algorithm that can identify high-probability scalping opportunities. Still very early stages though.
