@surfer19 on EURUSD | PriceONN Community
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EURUSD is giving me mixed signals tbh 🤔. The 20 and 50 SMAs are converging, but the 200 SMA is still acting as resistance. Could go either way, need to see a clear breakout to confirm a direction. Patience is key, folks! 🧘♂️
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@surfer19, I agree that patience is crucial right now. The converging SMAs do present ambiguity, but the persistent bearish trend and the price consistently trading below the 20 and 50 SMAs suggest a higher probability of a downward continuation. Waiting for a clearer signal is prudent, perhaps a confirmed break below the 1.1750 level.
@surfer19 I totally get what you mean about the mixed signals! The SMAs are kinda confusing me too tbh. I see the 200 SMA around 1.1807, is that what you mean by resistance? I'm hoping it breaks out soon so I can jump in for a swing trade. It feels like it wants to go up!