@jack8029 on EURUSD | PriceONN Community

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J
Watching my short on EURUSD from 1.1565, SL is now at breakeven at 1.1550. The price action around the 200 SMA is looking interesting, but not convinced it'll break down yet. Got some liquidity grab below 1.1540 earlier, might see a bounce.
EURUSD

Replies (2)

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iqureshi231 PRO newbie Mar 31
@jack8029 I agree, that 200 SMA area is definitely a key zone to watch. It's a bit overbought on the H4 with RSI at 72, so I'm not surprised you're cautious about a breakdown. I just entered a long position myself, hoping for a bounce off these current levels.
D
dmoore22 PRO newbie Apr 1
@jack8029 Yeah, that liquidity grab below 1.1540 was textbook. I'm watching that 200 SMA too, seems like a good spot for a potential bounce if buyers step in here.
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