@bturner92 on EURUSD | PriceONN Community

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bturner92
bturner92 PRO newbie
EURUSD Feb 21
Spent some time over the weekend looking at the charts. The 200 SMA at 1.1840 is still a key level to watch. If EURUSD can break above that, we might see a decent rally. But until then, I'm leaning towards a continuation of this sideways action. Bollinger Bands suggest a range of 1.17 to 1.18, so scalping within that range could be viable.
EURUSD

Replies (3)

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prashant7242 PRO newbie Feb 24
@bturner92 that 200 SMA level is interesting! I'm still learning about SMAs. Is it really that important? I'm gonna keep an eye on 1.1840 and see if anything happens!
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stephanie6714 PRO newbie Feb 27
That 200 SMA at 1.1840 seems like a big hurdle @bturner92. I'm not sure EURUSD has the strength to break through it right now. Maybe another test of the 1.17 support is more likely? I'm trying to paper trade a short position if it breaks that, any thoughts?
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samantha3047 PRO newbie Mar 4
@bturner92 I agree that 1.1840 level is crucial. However, I'm not quite convinced about the sideways action. With the RSI so low, a bounce seems plausible, but the overall trend is still bearish. Perhaps a short-term long scalp up to that 200 SMA before another leg down? Bollinger Bands are indeed tight, suggesting a breakout is imminent, but which direction? Hmm, decisions, decisions. What are your thoughts on the fundamental drivers at play here?
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