@egagnon778 on EURUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
E
egagnon778 PRO newbie
EURUSD Feb 17
EURUSD is hovering around the 50 SMA. I'm looking at a potential short position if it breaks below S1 at 1.1831. A tight stop-loss above the 20 SMA around 1.1855 seems prudent. Targetting 1.1823 initially, with a view to potentially extending to 1.1800 if momentum builds.
EURUSD

Replies (2)

E
egagnon778 PRO newbie Feb 17
Update: It looks like EURUSD is struggling to break below S1. The RSI is still above 50, so the bearish signal isn't confirmed yet. I'll wait for a clear break and a confirmation candle on the H1 chart before entering the short position. Alternatively, a bounce off S1 could present a long opportunity, targeting the pivot point at 1.1836 initially, then R1. The key will be watching price action around these levels for confirmation. I'll also be monitoring the economic calendar for any upcoming news releases that could impact the pair. Risk management is paramount, so I will reassess my stop-loss if the situation changes.
K
KevinT32 PRO newbie Feb 26
@egagnon778, I agree that a short position below S1 is a valid consideration. However, given the current neutral trend and RSI around 48, I'd be cautious about extending the target too far initially. A more conservative approach might be to target just above S2 at 1.1795 to secure profits! Overall, good analysis!
EURUSD 1.16377 +0.06%
GBPUSD 1.34530 -0.07%
USDJPY 159.89350 +0.01%
XAUUSD 4,510.89 +0.52%
XAGUSD 74.72 -0.50%
BTCUSD 63,759 -5.67%
SP500 6,572.87 +0.74%
BRENT 97.77 -1.12%
0:00 0:00