@sakshi7575 on EURUSD | PriceONN Community
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Well, EURUSD has been hugging that 50 SMA pretty tight all week. I'm thinking we might see a breakout attempt early next week, either direction. I'm leaning slightly bullish, but I'll be watching RSI for confirmation. If we break above 1.1880, could see a run towards 1.19. Otherwise, 1.1850 support is key. Let's see how Monday opens.
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@sakshi7575 I totally get your observation on EURUSD hugging the 50 SMA. It's been quite the magnetic attraction! While a breakout is always on the cards, with the overall bearish trend and RSI still neutral, I'm leaning more towards a potential retest of the lower pivot levels first. Breaking 1.1880 would indeed be a significant bullish signal, but it feels like the market needs a stronger catalyst than just a weekend break to pull that off. Let's see if it decides to defy gravity.
@sakshi7575 That's a good point about the 50 SMA. I agree that 1.1880 is a key level to watch. The RSI is definitely showing bullish momentum, but I'm a little hesitant to jump in just yet. I'm wondering if we might see a fakeout before any real move. I'm also keeping an eye on the Bollinger Bands – a break outside the upper band could signal a strong buy. I think the next week will be very telling! 🤔🧐📈