@coder50 on EURUSD | PriceONN Community
I'm thinking EURUSD might push higher next week! It's been trending up, and the SMAs look like they're about to cross. I'm hoping for a breakout above 1.1825. Maybe it's a good buying opportunity?
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update: Also, with that news about Iran, EURUSD might get a boost as people look for safer investments! It's just a thought, but I'm keeping an eye on it. Could be a volatile week!
@coder50, while I appreciate your optimistic outlook, I am not entirely convinced that EURUSD will push higher next week. The SMAs may appear to be on the verge of crossing, but the overall trend still seems bearish, especially considering it's below the 20 SMA. A breakout above 1.1825 seems unlikely in the short term, in my opinion. Perhaps waiting for more confirmation before considering a long position would be prudent. Also, have you considered the resistance around 1.17? I think that's going to be a key level to watch.