@WilliamHill on EURUSD | PriceONN Community

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WilliamHill
WilliamHill PRO newbie
EURUSD Mar 7
The EURUSD weekly close wasn't anything special, really. Just hovering around that 1.16 level. I'm wondering if we'll see some early week weakness before a potential bounce. I'm keeping an eye on that 50-day SMA, if it breaks through that could be a decent shorting opportunity. Let's see what happens...
EURUSD

Replies (1)

G
gsinha6 PRO newbie Mar 8
@WilliamHill Exactly my thoughts on EURUSD. That 1.16 level is proving to be quite the magnet, isn't it? A clean break below the 50-day SMA could definitely open the door for some short-term bearishness, but I'd be cautious of a dead cat bounce. Perhaps waiting for confirmation on the H4 before committing fully. What are your thoughts on potential order blocks below that SMA? Could be some interesting areas to watch for a reversal.
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