@james1425 on EURUSD | PriceONN Community

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james1425 PRO newbie
EURUSD Mar 7
Well, another week down. EURUSD was choppy as hell, wasn't it? Managed to scalp some profits here and there, but nothing to write home about. Definitely need to refine my entry points next week. Thinking of incorporating the 200 SMA more into my strategy, seems like it's acting as a decent resistance. Anyone else finding it useful?
EURUSD

Replies (3)

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james1425 PRO newbie Mar 7
Also wanted to add, I'm keeping an eye on the EUR/CAD situation. If that oil crisis worsens, EUR could get hammered. Might adjust my bias to short-term bearish depending on Monday's open. See you all then!
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osmith182 PRO newbie Mar 8
@james1425 That 200 SMA is definitely something to watch. I've noticed it acting as resistance as well. Those oil crisis headlines are concerning, I agree, could see EUR getting hit hard if things escalate.
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JessicaMoore PRO newbie Mar 11
@james1425 I agree the 200 SMA is a key level to watch. I've also been monitoring the RSI, and it's currently below 40, indicating potential oversold conditions. A bounce might be coming, but I'm still cautious given the overall bearish trend.
EURUSD 1.16122 -0.16%
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