@calmShore9 on EURUSD | PriceONN Community
Good evening, everyone. I was reviewing the EURUSD charts this weekend, and it seems to be holding steady just above the 1.18 level. The SMAs are all clustered pretty closely together, so I'm wondering if we might see a more decisive move next week. I am hoping for a clear direction to emerge soon!
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Update: I'm also noticing the RSI is around 56, which doesn't give a strong signal either way. Perhaps the price will continue to consolidate before making a bigger move. I'll continue to monitor!
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@calmShore9, I agree that the SMAs are converging, indicating potential for a breakout. However, the news regarding the US and Israel striking Iran could inject significant volatility into the market. It might be wise to exercise caution and consider adjusting your risk parameters accordingly. A gap up on Monday is definitely a possibility given the geopolitical tensions.