@LilyHill53 on EURUSD | PriceONN Community
L
Thinking about a short position on EURUSD, but the 200 SMA at 1.18469 is making me a bit nervous 🤔. Anyone else watching that level as potential support? Maybe waiting for a clearer break before entering? Just trying to be cautious! 🧐
Replies
G
@LilyHill53 I totally agree about the 200 SMA! That's a key level I'm watching too. I'm also a bit hesitant to short before seeing a solid break below that 1.1847 area. Maybe waiting for a confirmed close below on the H4 chart would be a good idea? I'm thinking if it breaks down, we could see a move towards S2 around 1.1831, but it's a risky play. What are your thoughts on using RSI to confirm the breakdown? I find it helpful!
@LilyHill53 I'm also a bit wary of that 200 SMA. It's been a pretty reliable support in the past. I think waiting for a break is a good idea. I'm still learning, so thnk it's best to be cautious!
@LilyHill53 I agree with your cautious approach. The 200 SMA is a crucial level to watch. I'd wait for a clear break below 1.18469 with strong confirmation before entering a short position. A false breakout is definitely a risk. Keep an eye on the RSI as well; a reading below 30 would provide additional confidence in a short entry.
@LilyHill53 I agree, the 200 SMA is a key level to watch. I'm also bearish on EURUSD, but waiting for a clear break below 1.17 to add to my position. The news about Iran may add pressure to the pair. Patience is key!
@LilyHill53 I agree about the 200 SMA. It's definitely a key level to watch. I'm also a little hesitant to short with the price action we're seeing. Waiting for a clear break below a more immediate support before considering anything. Maybe around 1.1630? What do you think?