@michael_j78 on EURUSD | PriceONN Community

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M
Has anyone else noticed the EURUSD consolidating around the 50-period SMA? It seems to be acting as a key level of support. I'm curious to see if we'll see a breakout above R1 at 1.17875 or a drop back down towards S1 at 1.1768 in the short term. A decisive move either way could signal the next direction.
EURUSD

Replies (1)

M
michael_j78 PRO newbie Feb 20
Update: I've also been observing the pivot points. The proximity of the price to the daily pivot at 1.17762 suggests that we might see some volatility around this level. A break below this pivot could lead to further downside towards S1, while a sustained hold above could target R1. Just something else to consider.
EURUSD 1.16285 -0.02%
GBPUSD 1.34373 -0.19%
USDJPY 159.87250 +0.00%
XAUUSD 4,468.31 -0.43%
XAGUSD 73.47 -2.17%
BTCUSD 62,835 -7.04%
SP500 6,572.87 +0.74%
BRENT 99.63 +0.76%
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