@blrVikram37 on EURUSD | PriceONN Community
B
I'm seeing EURUSD at 1.1770. Is it a good time to buy? The SMA 200 is way above. Confused if I should wait or not. What are your opinions on the EURUSD trend right now? Should I wait for a better entry point?
Replies
@blrVikram37, I understand your confusion. The SMA 200 being above the current price does indicate a longer-term bearish trend. However, the current price of EURUSD is 1.16961, much lower than your stated 1.1770. I would suggest waiting for a clearer signal, perhaps a break above the R1 pivot point at 1.17044, before considering a buy position. Further analysis of price action around key support and resistance levels is advisable.