@MiaLewis8 on EURUSD | PriceONN Community

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M
MiaLewis8 PRO newbie
EURUSD Mar 2
EURUSD is exhibiting a similar pattern to what I observed back in late 2022. The gradual decline followed by a consolidation phase before another leg down. I'm cautiously watching for a break below 1.1750 to confirm the continuation. Risk management is crucial given the current market uncertainty.
EURUSD

Replies (1)

M
MiaLewis8 PRO newbie Mar 2
Update: RSI is still below 50 on the H4 chart, supporting the bearish outlook. However, the 200-day SMA at 1.1796 is acting as a dynamic resistance. A confirmed break above that level could invalidate the short-term bearish bias. I'll be monitoring the price action closely around this key area. Patience is key.
EURUSD 1.16070 -0.20%
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