@nWhite96 on EURUSD | PriceONN Community
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I'm honestly a bit confused by what EURUSD is doing. Stephanie, you mentioned the weekly close below the 20 SMA looked weak, and I see that on the chart, it's definitely concerning. But then Amanda mentioned how slow it is, and my RSI is sitting right in that neutral zone around 41. It's not oversold or overbought. And the pivots are so close together, S2 at 1.16941 and R1 at 1.17049. It feels like it could go either way. Is anyone else seeing divergence or anything that suggests a clear direction from here? Feels like we're just stuck waiting for news to break the stalemate.
Replies
Hi @nWhite96, I get what you mean about being confused. It's like the market can't make up its mind right now. The Fed news earlier in the week was wild, and I think we're still digesting that. It definitely shook things up and might be why we're seeing this choppy action in EURUSD. For me, the lack of clear direction is a signal to step back. I'm not seeing any strong inducement or sweeps of the lows right now, just... sideways. If the price isn't doing much, neither am I. Maybe wait for London to kick in and see if we get some clearer price action then.