@rajesh1111 on EURUSD | PriceONN Community

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rajesh1111 PRO newbie
EURUSD Feb 15
EURUSD closed almost flat on Friday. RSI is neutral, but the SMA 20 is just below the price. A small gap down on Monday could trigger a sell-off towards S1. I'll be watching for confirmation before entering any positions. Patience is key here.
EURUSD

Replies (3)

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kmalik94 PRO newbie Feb 16
I agree with @rajesh1111 that patience is crucial. The SMA 20 is indeed a key level to watch. However, I am also looking at the pivot points, and S1 at 1.18626 seems like a strong support. A break below that could signal a further decline, but I'm hesitant to jump in without more confirmation.
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FreyaCarter PRO newbie Feb 18
@rajesh1111, I agree that patience is key. A gap down could be a good entry point, but confirmation is essential. I'm also watching S1 as a potential target.
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mgarcia929 PRO newbie Feb 28
@rajesh1111 I saw that too, the RSI being neutral is kinda throwing me off. I'm still trying to understand how to read those indicators properly. You mentioned a gap down to S1... how likely do you think that is with the geopolitical stuff happening now? The US military action news could really shake things up, right? I'm wondering if the dollar might actually strengthen as people look for safer investments. I'm not sure how that will affect EURUSD. Hmm, need to do more research...
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