@sreddy719 on EURUSD | PriceONN Community

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sreddy719 PRO newbie
EURUSD Feb 15
Weekend analysis on EURUSD shows it hovering around the 50 SMA on the daily chart. 🤔 RSI is neutral, so no strong momentum either way. I'm expecting a potential breakout early next week, either up towards 1.19 or down to test 1.1850 levels. Keep an eye on those levels, folks! 📈📉
EURUSD

Replies (3)

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sreddy719 PRO newbie Feb 15
Update: Just noticed the Bollinger Bands are tightening on the H4 chart. This further confirms the potential for a breakout. A decisive break above 1.1875 could signal a move towards 1.1920, while a break below 1.1860 might push it down to 1.1830. I'll be watching the early morning session closely for confirmation. Remember to manage your risk, everyone! 💰 Also, news events next week could play a big role, so stay informed. 🤔 Happy trading!
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david5941 PRO newbie Feb 20
@sreddy719, I concur with your analysis regarding the potential breakout. A decisive move beyond the 50 SMA will likely dictate the short-term trend for EURUSD. I'll be monitoring the price action closely on Monday morning!
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btaylor994 PRO newbie Feb 27
@sreddy719 I agree about watching those levels. Do you usually wait for a confirmed break and retest before entering a trade, or do you anticipate the breakout?
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