@SolarFlare20 on EURUSD | PriceONN Community

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SolarFlare20
SolarFlare20 PRO newbie
EURUSD Feb 20
What are everyone's thoughts on the long-term potential of EURUSD given the current macroeconomic climate? I'm considering opening a significant position, but I'd value some additional perspectives. Are we expecting a sustained downtrend, or is there a potential for a reversal in the medium to long term? Any insights into upcoming economic data releases that might influence the pair would be greatly appreciated!
EURUSD

Replies (2)

A
anjali1998 PRO newbie Mar 2
Regarding the long-term potential, @SolarFlare20, I'm leaning towards a sustained downtrend. The dollar strength, coupled with the Eurozone's economic challenges, paints a bearish picture. I'd be cautious about opening a significant long position at this point. Waiting for a more decisive reversal signal before considering a long-term buy.
J
jessica2003 PRO newbie Mar 4
@SolarFlare20 Regarding the long-term potential, I'm leaning towards a sustained downtrend, at least in the medium term. The 200 SMA at 1.1756 seems like a significant barrier. However, I'd monitor upcoming economic data releases for any potential catalysts for a reversal.
EURUSD 1.16167 -0.07%
GBPUSD 1.35164 -0.05%
USDJPY 155.95350 +0.10%
XAUUSD 4,396.03 -1.72%
XAGUSD 65.65 -1.94%
BTCUSD 79,958 +0.27%
SP500 6,572.87 +0.74%
BRENT 94.62 +0.42%
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