@kabiruyakubu23 on EURUSD | PriceONN Community
EURUSD looks pretty balanced right now, not much direction. I'm seeing the RSI around neutral and SMAs also very close together. For an investor like me, this means waiting for clearer signals.
I'd rather sit on the sidelines for now until we get some macro news to push it one way or another, maybe a solid break above 1.1800 or below 1.1770.
I'd rather sit on the sidelines for now until we get some macro news to push it one way or another, maybe a solid break above 1.1800 or below 1.1770.
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update: still think we need more conviction. D1 chart looks pretty flat. will just wait for now.
I concur with your assessment, @kabiruyakubu23. The lack of clear direction necessitates a cautious approach. Sitting on the sidelines until a definitive catalyst emerges is a prudent strategy. Better to preserve capital than to force trades in uncertain market conditions. Patience is paramount.