@adebola1988 on EURUSD | PriceONN Community
EURUSD seems to be consolidating. Price action is very tight around 1.1800. The 20 SMA is below, but the 50 SMA is above, creating confusion. I'll wait for a breakout before making any decisions.
Replies
Update: Still watching for a clear break above 1.1810 or below 1.1790. Until then, I'm staying put.
@adebola1988 I agree that EURUSD is in a consolidation phase. However, the bearish RSI suggests that the breakout will likely be to the downside. Keep an eye on it!