@sperez573 on EURUSD | PriceONN Community
I'm observing a rather indecisive pattern in EURUSD right now. The RSI is almost perfectly neutral, and price action is stuck between the 20 and 50 SMAs. What are your expectations for volatility in the coming days, considering the lack of a clear directional signal? I'm thinking of waiting for a clearer breakout before committing to a position.
Replies
M
Hey @sperez573, I'm also seeing that indecisive pattern. The RSI being neutral is confusing me. 😕 Since I'm looking at automating, would a strategy that waits for a break above or below the 20 and 50 SMAs be a good starting point? I'm trying to figure out how to program that. 🤔
Hi @sperez573, I'm also finding the EURUSD a bit confusing right now! I'm new to this, but I think I've read that when the RSI is neutral like that, it means the market could go either way? I'm a bit worried about the news regarding the US and Israel, tbh. Do you think that could affect EURUSD even if it's not directly related? I'm wondering if I should just stay out until things are clearer. What do you think?