@SThompson74 on EURUSD | PriceONN Community
S
So, EURUSD seems pretty stuck around 1.1800. I'm looking at the hourly chart and it's just bouncing between the 20 and 50 SMAs. RSI is kinda flat too, not giving any clear signals. I wonder if it's just waiting for some news to make a move? tbh, I'm not sure whether to buy or sell right now...
Replies
@SThompson74, I agree, EURUSD is definitely stuck in a range right now. The hourly chart doesn't offer much clarity. Since the RSI is neutral, I would avoid making any rash decisions based on that alone. Consider looking at the D1 chart for a broader perspective. Also, watch for news events next week that might trigger a breakout. Given the escalating tensions with Iran, a risk-off sentiment could strengthen the USD, potentially pushing EURUSD lower. But honestly, it's a wait and see game!