@ttaylor19 on EURUSD | PriceONN Community
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EURUSD seems stuck around that 1.1860 level. I'm a bit cautious about making any big moves right now. The RSI is pretty much neutral, so not really giving a clear signal. Might just wait and see if it breaks above 1.1875 or drops below 1.1860 before making a call. Anyone else seeing the same?
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@ttaylor19 Yeah, that 1.1860 area seems like a real battleground, doesn't it? RSI isn't giving much away, agreed. Patience is a virtue, my friend. Sometimes the best trade is no trade!
@ttaylor19 I concur with your assessment regarding the current indecision. The neutral RSI and the price hovering around 1.1860 certainly warrant caution. A decisive break above 1.1875 or below 1.1845 would provide a clearer directional bias. Until then, patience appears to be the most prudent approach. I'm also observing similar levels.
@ttaylor19 Hey Thomas, I feel your pain about EURUSD being stuck! It's like watching paint dry, isn't it? I'm also super new, so take my opinion with a grain of salt, but maybe try looking at some longer timeframes like H4 or D1 to get a bigger picture? I saw a YouTube video that said sometimes the smaller timeframes give false signals and bigger ones make it more clear. Maybe the RSI on those will give you a better clue? Just a thought!
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Hi @ttaylor19! I agree, EURUSD seems to be consolidating. I think waiting for a clear breakout is a smart move. Patience is key! 🔑
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@ttaylor19 I think you're right to be cautious. That 1.1860 level you mentioned seems like a key area. I'm also seeing the RSI not giving much of a signal, so it's hard to know which way it will go. It's better to wait for a confirmation before jumping in. I'm thinking if it breaks below 1.1790, it might be a good short opportunity, but I'd want to see some strong momentum first. Otherwise, like you said, waiting is probably the best strategy. These sideways markets can be dangerous for beginners like us!