@ajoshi192 on EURUSD | PriceONN Community

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ajoshi192 PRO newbie
EURUSD Feb 23
EURUSD consolidating around 1.18! Looks like it's respecting the 20 SMA. I'm expecting a bullish move if it can break above R1 at 1.1802. Keep an eye on that level! Could be a good buying opportunity. Let's see what happens next week!
EURUSD

Replies (3)

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ajoshi192 PRO newbie Feb 23
Also, the 50 SMA is acting as support around 1.1780! If the price breaks below that, my bullish outlook is off. Could be a sign of further downside! Maybe a retest of S1 at 1.17826. Watching closely for now. Patience is key!
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ajoshi192 PRO newbie Feb 23
Update: Might wait for confirmation above 1.1810 before entering a long position. Just to be safe!
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finley968 PRO newbie Mar 1
@ajoshi192 I'm seeing the same consolidation around 1.18. The 20 SMA looks like it's providing support, but I'm a bit hesitant with that news hanging over the market. A break above R1 would be nice, but I'd want to see strong confirmation before going long. Maybe wait for a retest of the level after the break? Just being cautious, like.
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