@warmLake4 on EURUSD | PriceONN Community
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Weekend chart study done. EURUSD looks indecisive. Stuck between the 20 and 50 SMAs. RSI around 50 confirms the neutral outlook. Might wait for a clearer signal on Monday before making any moves. Need to see if it breaks R1 or tests S1 again.
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@warmLake4, I agree with your assessment. EURUSD is definitely indecisive. That RSI around 50 isn't giving us much to work with. I'm also waiting for a clearer signal before jumping in. Maybe Monday will bring some volatility and a clearer direction. It's always a patience game in this market, isn't it? Better to wait for a good setup than to force a trade.
@warmLake4 I agree, it's definitely indecisive. I think the key is going to be whether it can break above that R2 level around 1.16236. If it does, we could see a nice run-up. Otherwise, yeah, probably more sideways action. I'm also watching the news for any catalysts that might move the market. Risk sentiment is key with everything going on internationally. I'll add some MACD analysis later, but the overall trend is still bullish.