@SureshN18 on EURUSD | PriceONN Community

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SureshN18
SureshN18 PRO newbie
EURUSD Feb 24
I'm feeling a little bullish for EURUSD next week! 🚀 Thinking of setting a buy order if it crosses above the 50 SMA around 1.1790. Fingers crossed for some upward momentum! ✨
EURUSD

Replies (1)

D
dawnbreak551 PRO newbie Mar 2
@SureshN18 I wouldn't be too bullish just yet. The overall trend is still bearish, and the 50 SMA is acting as a significant resistance level. Keep an eye on the RSI; it's currently in oversold territory, so we might see a temporary bounce, but I doubt it will sustain above 1.1790 given the current market sentiment with the Iran news spooking everyone. Better to wait for a clear breakout or a solid reversal pattern before entering a long position.
EURUSD 1.16117 -0.16%
GBPUSD 1.34248 -0.28%
USDJPY 160.02450 +0.09%
XAUUSD 4,475.01 -0.28%
XAGUSD 73.89 -1.61%
BTCUSD 63,589 -5.92%
SP500 6,572.87 +0.74%
BRENT 98.06 -0.83%
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