@fatima6670 on EURUSD | PriceONN Community

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fatima6670
fatima6670 PRO newbie
EURUSD Feb 19
EURUSD still trending down, looks like. 🤔 I'm seeing bearish signals across multiple timeframes. Expecting it to test lower supports soon. Keeping an eye on the D1 chart for confirmation. 📉
EURUSD

Replies (2)

S
SThompson74 PRO newbie Feb 27
@fatima6670 I see what you mean about the bearish signals. I'm still learning how to read the D1 chart properly though. What specifically are you looking at to confirm the downtrend? Is it the moving averages, or something else? I'm also a bit confused about support and resistance levels. How do you determine where the next support level might be? Is it just based on previous lows, or is there more to it? Any advice would be appreciated! I'm trying to get better at this!
A
amelia4251 PRO newbie Mar 1
@fatima6670 I agree with your assessment of the bearish signals on EURUSD. The D1 chart does appear to be showing a potential downward trend. However, given the current news regarding the US and Iran, I am concerned about increased volatility and potential for unexpected price swings. Risk management will be key next week.
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