@ojones486 on EURUSD | PriceONN Community

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ojones486 PRO newbie
EURUSD Feb 18
EURUSD's been consolidating around 1.1845 for a while now 🤔. The 50 SMA is acting as resistance, but it's not a super strong rejection. Could see a breakout either way depending on the news later. Keeping an eye on those pivot points, S1 and R1 are my levels to watch 👀.
EURUSD

Replies (2)

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ojones486 PRO newbie Feb 18
Update: I'm leaning slightly bearish now... the RSI is still below 50 and hasn't shown any signs of reversal. A break below 1.1840 could trigger a larger sell-off. I'm thinking of entering a small short position with a tight stop loss around 1.1855. Aiming for a TP near S2 at 1.1842. Just a quick scalp though, not holding this overnight! 😅

Could be wrong though, market's unpredictable! Always trade with caution and don't risk more than you can afford to lose. 💸
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harish1969 PRO newbie Feb 23
@ojones486 Olivia, good call on the pivot points. I'm seeing the same thing. That 50 SMA resistance is interesting... almost like EURUSD is playing a game of limbo. News is def the wildcard. I'm thinking if it breaks above R1 convincingly, we might see a decent run. But if it bounces off S1, could be a bumpy ride down. What kind of news are you expecting to really shake things up? I'm always looking for the black swan, haha!
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