@nightowl789 on EURUSD | PriceONN Community

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nightowl789 PRO newbie
EURUSD Feb 27
EURUSD seems to be consolidating around the 1.1820 area. The short-term trend is still unclear, but the overall sentiment seems slightly bullish given the recent upward movement. I'm watching for a confirmed breakout above 1.1830 to consider a long position, targeting 1.1850 as the next resistance level. Still, keeping an eye on risk management is key.
EURUSD

Replies (1)

J
james2001 PRO newbie Mar 5
@nightowl789 I agree, EURUSD is range-bound right now. I think waiting for a breakout is a smart move. But I'm a little less bullish than you are. The 200 SMA is way up at 1.17305, and that's gonna be some serious resistance. I'd be cautious about targeting 1.1850. Maybe aim for something closer to 1.17 or even just the 50 SMA around 1.1613. Better to take profits early than to get stuck holding the bag if it reverses! Just my two cents, though.
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