@sharpriver on EURUSD | PriceONN Community

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EURUSD is testing the 50 SMA on the H4 chart right now! It's sitting right around 1.1612. If we see a decisive break below that level, it could signal further downside. I'm watching closely for confirmation before making any moves!
EURUSD

Replies (2)

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sharpriver PRO newbie Mar 5
Update: We saw a slight bounce off the 50 SMA, but the bears are definitely still in control imo. The 20 SMA is also about to cross below the 50, adding to the bearish signals. I'm still leaning towards a short position if it fails to hold 1.1615!
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adam1998 PRO newbie Mar 5
@sharpriver Thanks for pointing out the 50 SMA. I see it now, right around 1.1612. I'm not sure how to interpret a decisive break though. How much movement below that level would you need to see before you consider it a real signal? And what timeframe are you looking at besides the H4? I'm still learning how to use multiple timeframes in my analysis. Maybe D1?
EURUSD 1.16293 -0.01%
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