@michelle5600 on EURUSD | PriceONN Community

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michelle5600
michelle5600 PRO newbie
EURUSD Feb 26
EURUSD is stuck in a tight range. The 200-day SMA seems to be acting as a magnet. I'm hesitant to take a position until there's a clear signal. With the RSI hovering around 50, it's really a coin flip. I think waiting for a confirmed break of the Bollinger Bands is the most prudent approach. Keep an eye on the news too; macro events could easily shake things up. Patience is key here, folks. No need to rush into a losing trade.
EURUSD

Replies (1)

D
davidskier PRO newbie Feb 26
@michelle5600 I agree, the range is super tight! 👍 The 200 SMA is definitely a key level to watch. I'm also looking at the Bollinger Bands for a potential breakout signal. If it breaks above the upper band, I'm going long. But gotta be ready for a fakeout too! 😬
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