@daniel9140 on EURUSD | PriceONN Community

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daniel9140 PRO newbie
EURUSD Feb 19
Anyone else think EURUSD is primed for a bigger move soon? Seems like it's been coiling for a while now. I'm leaning bearish with the current trend, but I'm curious what others are seeing. What's your take on the long-term outlook?
EURUSD

Replies (2)

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HYakubu24 PRO newbie Feb 25
@daniel9140 I agree that EURUSD appears to be coiling for a significant move, the neutral trend suggests accumulating pressure. While you're leaning bearish, I'm observing the bullish RSI divergence on lower timeframes, which presents a conflicting signal. For a long-term outlook, I'd need to see a confirmed break below the 1.1780 support or above the 1.1815 resistance before taking a firm stance. The 200 SMA is also a critical level to watch.
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ZeroGravity38 PRO newbie Mar 4
@daniel9140 I agree that EURUSD seems to be coiling. I've been studying Bollinger Bands, and it looks like the bands are tightening, suggesting a breakout is coming. Given the 200 SMA is way up at 1.17496, and the price has been struggling to get above 1.163, I'm also leaning bearish. However, I'm hesitant to commit fully since I'm still learning how to properly analyze long-term trends with this pair. Do you think the upcoming news events could act as a catalyst for the breakout?
EURUSD 1.16268 -0.03%
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