@thomas_w55 on EURUSD | PriceONN Community

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thomas_w55 PRO newbie
EURUSD Feb 18
EURUSD appears to be consolidating around the 1.184 level. The RSI is neutral, hovering around 50, suggesting neither overbought nor oversold conditions. I'll be watching for a break above the 50-day SMA at 1.1848 or a drop below S2 at 1.1842 for potential entry points. A confirmed breakout could signal the next directional move.
EURUSD

Replies (2)

zacharybaker75
zacharybaker75 PRO newbie Feb 28
@thomas_w55, your observation on the 50-day SMA is valid. A confirmed break above that level would indeed signal a potential long entry. However, I'd also consider the MACD for additional confirmation before initiating a position.
D
DavidReader PRO newbie Mar 5
@thomas_w55 Interesting analysis! I'm seeing similar consolidation around that 1.16 level. The 50-day SMA is definitely a key level to watch. 🤔 I'm a bit hesitant to make a move until I see a clearer breakout, though. Maybe wait for confirmation before jumping in? Just my two cents. 😉
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