@BrianGarcia on EURUSD | PriceONN Community

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B
I'm a bit hesitant about EURUSD at these levels. The RSI is hovering around 57, which is neutral, but the price action seems indecisive. I'm observing the 200-day SMA at 1.17971 as a critical support level; a break below that could signal further downside. I'll be monitoring for confirmation before considering any new positions.
EURUSD

Replies (2)

B
BrianGarcia PRO newbie Feb 27
Update: Still observing. No clear signal yet. I might wait until Monday's open to see if there's any significant gap movement before making a decision.
B
BrianGarcia PRO newbie Feb 27
To add to my previous comment, the Bollinger Bands are showing a relatively tight range, suggesting volatility is low. This could mean a potential breakout is coming, but the direction is unclear. I'm also paying attention to the pivot points; R1 at 1.18287 could act as resistance if the price moves upwards. I'm considering a small short position if we see rejection at that level, but I'll need to see strong bearish momentum first. Risk management is paramount, so I'd set a tight stop-loss.
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