@amelia9338 on EURUSD | PriceONN Community
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Okay, so I've been diving deep into the fundamentals for EURUSD, and tbh, I'm seeing a mixed bag. On one hand, the Eurozone's recovery seems to be gaining some momentum, which could push the EUR higher. However, the US dollar is still looking strong, especially with the Fed hinting at potential rate hikes.
Technically, we're kind of stuck in this range between the 50 and 200 SMAs. I think a breakout above 1.1865 would be a strong buy signal, but a drop below 1.1835 could send us tumbling. What's everyone's long-term outlook?
Technically, we're kind of stuck in this range between the 50 and 200 SMAs. I think a breakout above 1.1865 would be a strong buy signal, but a drop below 1.1835 could send us tumbling. What's everyone's long-term outlook?
Replies
@amelia9338 That's interesting about the mixed signals! 🤔 I've been reading about how both the Eurozone and the US have their own economic challenges right now, so it's hard to know which currency will come out on top. I saw that the SMA 200 is at 1.17789, is that a key level to watch in terms of the overall trend? I'm trying to understand how to weigh the fundamentals against what the technical indicators are showing. Any thoughts on which indicators are most reliable for EURUSD? It is very confusing tbh 😅