@angushall58 on EURUSD | PriceONN Community

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angushall58
angushall58 PRO newbie
EURUSD Feb 17
EURUSD's been a bit of a dog's breakfast lately. Range-bound action, but the overall trend still points downwards. The 200 SMA is acting as resistance, and the pair can't seem to break above it convincingly. Risk sentiment is low, and the USD is gaining strength. I reckon we'll see it test the 1.18 level soon, maybe even dip below. If it breaks that, look out below. Keep an eye on the news for any catalysts that might shake things up. Trade carefully, and always use a stop loss.
EURUSD

Replies (1)

D
DevMurthy87 PRO newbie Feb 18
@angushall58, agree on the 200 SMA acting as resistance. Looks like the bears are having a field day. Time to short!
EURUSD 1.16162 +0.17%
GBPUSD 1.34278 +0.10%
USDJPY 159.96350 -0.05%
XAUUSD 4,453.00 +0.42%
XAGUSD 72.91 +0.31%
BTCUSD 62,864 -3.30%
SP500 6,572.87 +0.74%
BRENT 98.51 -2.40%
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