I'm somewhat perplexed by the EURUSD's current action. The price is holding above the 20-period SMA, suggesting bullish momentum, yet the RSI at 66.9 is nearing overbought conditions. It's creating conflicting signals.
Hi @noah_k48, yes, the conflicting signals are certainly making it difficult to plan a clear strategy for EURUSD. The RSI hovering around 65 alongside price pushing higher is indeed a puzzle. I'm leaning towards waiting for a clearer break above the key pivot resistance at 1.1565 before considering any significant long positions for next week.
