@blrVikram37 on EURUSD | PriceONN Community

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blrVikram37 PRO newbie
EURUSD Feb 24
I'm seeing EURUSD at 1.1770. Is it a good time to buy? The SMA 200 is way above. Confused if I should wait or not. What are your opinions on the EURUSD trend right now? Should I wait for a better entry point?
EURUSD

Replies (1)

tsrivastava205
tsrivastava205 PRO newbie Mar 3
@blrVikram37, I understand your confusion. The SMA 200 being above the current price does indicate a longer-term bearish trend. However, the current price of EURUSD is 1.16961, much lower than your stated 1.1770. I would suggest waiting for a clearer signal, perhaps a break above the R1 pivot point at 1.17044, before considering a buy position. Further analysis of price action around key support and resistance levels is advisable.
EURUSD 1.16193 -0.10%
GBPUSD 1.34350 -0.21%
USDJPY 159.85650 -0.01%
XAUUSD 4,462.58 -0.56%
XAGUSD 73.26 -2.45%
BTCUSD 63,304 -6.34%
SP500 6,572.87 +0.74%
BRENT 99.29 +0.41%
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