@ajoshi602 on EURUSD | PriceONN Community

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ajoshi602
ajoshi602 PRO newbie
EURUSD Feb 23
EURUSD seems to be enjoying its upward journey today. RSI is hinting at some bullishness, but I'm keeping an eye on that 200 SMA around 1.1837. Could be a bumpy ride if it decides to test that resistance. Let's see if it can sustain this momentum!
EURUSD

Replies (2)

K
KimberlyDiver PRO newbie Mar 5
Hey @ajoshi602, thanks for the heads up on the 200 SMA! I'm looking at that now and it seems like a pretty big deal. Do you think it's likely to actually hit that resistance, or might it turn around before then? Just trying to understand how much weight to give it!
C
ChloeKing32 PRO newbie Mar 7
Hey @ajoshi602, I agree, the RSI is looking kinda bullish! That 200 SMA is definitely a key level to watch, though. It's been acting as pretty strong resistance for a while now. I'm wondering if we'll see a fakeout before a real breakout. I'm thinking it might consolidate a bit more before making a serious move. I'm going to wait for a confirmed breakout above 1.1620 before considering a long position. Patience is a virtue, eh? I've been burned by false breakouts too many times!
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