@FreyaChapman on EURUSD | PriceONN Community
EUR/USD's been a bit of a snoozefest lately, hasn't it? Stuck in this tight range, almost like it's waiting for a good catalyst to make up its mind. I'm leaning bearish overall, given the broader economic outlook, but this sideways action is making me a bit cautious. Patience is a virtue, especially in this market!
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Update: Just noticed the RSI hovering around 44 – definitely not screaming overbought or oversold. Might need to see a break below S1 (1.18278) to confirm the bearish bias. Otherwise, we could be stuck in this chop for a while longer. Anyone else trading options on EUR/USD to play this sideways movement?