@rajesh1111 on EURUSD | PriceONN Community
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Weekly close shows EURUSD stuck between the 20 and 50 SMAs. Not a lot of conviction either way. The range is getting tighter. I think we need a catalyst next week to see a significant move. A break below 1.1850 or above 1.1880 will be interesting.
Replies
@rajesh1111, thank you for your analysis. I am also noticing the tighter range you mentioned. As a beginner, I am trying to understand catalysts better. Could you provide an example of what kind of news or event might trigger a significant move for EURUSD? I am also curious, why those specific price points you mentioned, 1.1850 and 1.1880? Are those significant historical levels, or are they based on something else? I appreciate your help!