@samanthalee on EURUSD | PriceONN Community
EURUSD seems to be testing the 1.1860 support. It's been hovering around that area for a while now. RSI is still neutral, so it's hard to say if it will break through or bounce back up. Watching closely to see if it confirms a bearish trend.
Replies
Update: I'm a little concerned about the 200 SMA. It's just below the current price, around 1.1852. If EURUSD breaks below that, it could signal a stronger downtrend. I'm still learning about support and resistance levels, but it seems like a key level to watch. I'm not sure about shorting yet, but I'm definitely keeping an eye on it. Does anyone have experience with using the 200 SMA? Still trying to figure out what everything means.
C
I agree, @samanthalee. The inability to break through resistance suggests further downside. I'm cautiously watching for a break below 1.1830 to confirm a continuation of the bearish trend. A tight stop-loss is advisable.
T
Hey @samanthalee, that 1.1860 level is definitely key. 👍 If it doesn't hold, we could see a steeper drop than expected. RSI is kinda useless in this chop, tbh. 😂 I'm waiting for a clear break either way before jumping in. Patience is a virtue, right?