@katherineking71 on EURUSD | PriceONN Community
Hey Brandon, I was watching that YouTube channel, ForexSignalsDaily, earlier and they were talking about EURUSD consolidating around the 1.16 level. They mentioned that while it looks like chop, the lack of significant volume in this Sydney session means we're likely just range-bound until Asian or London open really kicks in. Patience is key here.
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Yeah, and that ForexSignalsDaily guy also pointed out that the RSI is sitting at 59.5. Not overbought, not oversold, just chilling. It reinforces the idea that we're in a neutral phase and any breakout will probably be driven by news or a significant volume increase from the London session. Definitely not the time to force a trade in this thin liquidity.