@halimayakubu91 on EURUSD | PriceONN Community
Looking at EURUSD, next week I'm expecting a test of the 50 SMA around 1.1869. If it breaks above that, we might see a push towards R1 at 1.1871. If not, expect more sideways movement between the 20 and 50 SMAs. I'll be watching the H4 chart for clues.
Replies
@halimayakubu91 Your analysis of the 50 SMA test is insightful. However, given the prevailing bearish sentiment, a sustained break above that level seems unlikely at this juncture.