@squreshi444 on EURUSD | PriceONN Community

Hey @squreshi444, I hear you on the spaghetti mess. Today's definitely got that feel, especially with the conflicting news flow we've had. The USD weakness from the geopolitical de-escalation is definitely a factor pushing EURUSD up, but then you have the dovish ECB sentiment dampening the upside. Looking at the 4H chart, the RSI is hovering around 56, which is pretty neutral but leaning slightly positive. We've got price action dancing around the 20 SMA (1.1789) and the pivot point at 1.17995. If we can break decisively above that pivot, especially with some volume confirmation, I'd feel more confident about a move towards R1 at 1.18024. However, if that 1.17944 S2 level fails, we could easily see a retracement back to the 50 SMA. It's a bit of a tug-of-war right now, you just need to pick your side based on the strongest signal, or wait for clearer momentum.

Hey @squreshi444, I totally get what you mean about the charts looking like a mess. It's been like that for EURUSD lately, especially during these quiet sessions where nothing seems to be moving decisively. I think some of the confusion might be from trying to reconcile the fundamental news, like that ECB statement Brian mentioned, with the technicals. Sometimes the market just doesn't know which way to go until there's a clearer catalyst. I'm also seeing conflicting signals, so I'm being extra cautious and sticking to very tight risk management on any trades I take. It's tough when the noise is so loud.