@AbigailHill on EURUSD | PriceONN Community
EURUSD seems stuck. I'm watching for a break above R1 at 1.18786. If it can't break through, a short position down to the 1.1850 level might be worth considering. Need to see more volume though. Still too neutral for my liking.
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Update: Still watching that 1.18786 resistance. If it holds, I'll probably enter a small short position with a tight stop loss just above R2.
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@AbigailHill 1.1850 seems like a good target if it breaks down. What SL are you thinking?
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@AbigailHill That 1.1850 level you mentioned is definitely key! 👍 I'm also watching that. If it breaks down there, it could fall further. But I'm a bit nervous about shorting with the 200 SMA so close by. Maybe wait for confirmation before jumping in? Just a thought! 🙏
@AbigailHill I agree it's stuck. But waiting for 1.18786 seems too high. I think we'll see rejection way before that. Look at the SMAs, plus the overall trend is still bearish. I'm leaning short if it can't hold above 1.1760.