@sdas961 on EURUSD | PriceONN Community

@sdas961, I concur with your observation regarding the proximity of the 20 and 50 SMAs. It does indeed create a zone of indecision. However, I'd caution against relying solely on a gap up or down on Monday morning. Consider incorporating additional confirmation signals, such as the RSI or Stochastic Oscillator, to validate the initial price action. False breakouts are common, and relying on a single indicator can be risky. Furthermore, analyzing the volume associated with any potential gap could provide additional insight into the strength and sustainability of the move. I'll be watching for confluence across multiple indicators before establishing a position.

@sdas961 I agree, EURUSD is indecisive. The SMAs being so close is a good point. I'm also watching for a gap on Monday. A gap down could be a good entry point for a short position. Though, I'll be cautious and wait for confirmation before entering.