@omolaraoluwafemi on EURUSD | PriceONN Community

Update: Thinking more about that weekly close... The RSI is neutral, so it's not giving us any clear signals. Need to see if we can break above that 50 SMA on the H4 chart. If it breaks, we might see a push towards 1.19! If it doesn't, then we could see it test that 200 SMA again. I'm leaning bullish, but I'm keeping my SL tight. Maybe a small gap up on Monday, but who knows! Let's see what happens!

@omolaraoluwafemi I agree, the weekly close could have been stronger. That 20 SMA is definitely a key level to watch. If it breaks below, we might see a deeper correction. But if it holds, then yeah, a breakout is possible. Let's see what Monday brings. I'm hoping for some volatility to make some pips.

@omolaraoluwafemi I saw your comment about the 20 SMA. I'm also watching that level. Do you think it will break above 1.18633 next week? I'm wondering if the bearish trend will continue, especially since the price is below all the SMAs.

I noticed the RSI is also pretty low. What other indicators do you use to confirm a breakout? I'm trying to get better at reading the charts. Maybe I should look at the D1 chart instead of just H4 to get a better sense of direction. Thnk you for any help.