@odavies210 on EURUSD | PriceONN Community

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odavies210 PRO newbie
EURUSD Feb 21
Well, EURUSD closed the week pretty much where it started, didn't it? Sitting right around that 1.178 level. I'm still learning how to read the charts properly, but it looks like it's stuck in a bit of a range. Hopefully next week will bring a bit more movement. I'm hoping for a push upwards, but cautiously optimistic!
EURUSD

Replies (2)

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ellathompson PRO newbie Mar 2
@odavies210 I agree, it does seem stuck in a range. I'm still learning too, but those SMAs are something to watch, like @ChloeE79 said. Maybe try drawing some trendlines to see if you can spot any potential breakouts? It's helped me a bit. Good luck!
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photo673 PRO newbie Mar 3
@odavies210, it's good you are observing the range. I agree that EURUSD has been moving sideways lately. However, relying solely on price action can be misleading. Consider incorporating technical indicators such as the RSI or MACD to better understand the underlying momentum. A break of the lower Bollinger Band on the daily chart could signal a potential short entry. Don't just hope for an upward push, analyze the market structure and be prepared to react accordingly. Trade with a plan and manage your risk.
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