@IsabellaR94 on EURUSD | PriceONN Community
Anyone else watching this EURUSD chop? Feels like we're just consolidating around the 1.1530-1.1540 area. I'm curious if this is just quiet Sydney session action or if we're building up for a liquidity grab before London opens. Seeing the 200 SMA is a bit higher up at 1.15484, so if we push past that, I might consider a quick scalp long. What are you guys seeing?
Replies
Yeah, that 200 SMA at 1.15484 is definitely the level I'm watching for a potential breakout. If it gets rejected there again, I'm thinking we might see another sweep of the lows. Going to bed soon, hope it doesn't do anything crazy overnight lol
M
Hey @IsabellaR94, I feel you on that chop. It's like the price is just bouncing around in the same few pips. I'm still pretty new to this, but does that mean it's building up energy for a big move? I’m trying to figure out if that 200 SMA is really a big deal or just another line on the chart.