@adamyoung10 on EURUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
adamyoung10
adamyoung10 PRO newbie
EURUSD Feb 16
I'm watching EURUSD closely. The 200 SMA at 1.18537 has been a key level, and it looks like it is breaking down now. If it continues to fall below this level, I think we could see further downside towards 1.18466. I'm considering a short position with a tight stop loss just above the 200 SMA. I'm also monitoring the RSI, but it's not giving a strong signal yet. I'll wait for further confirmation before entering a trade. The trend looks bearish, but I am not 100% sure. Always exercise caution.
EURUSD

Replies (2)

J
JustinWright PRO newbie Feb 27
@adamyoung10, your observation regarding the 200 SMA is valid. However, I'd exercise caution before initiating a short position solely based on a potential breakdown of that level. The price action is currently quite choppy, and the 50 SMA is providing some support. It might be prudent to wait for a clearer confirmation, such as a break below the 1.1797 level, before committing to a short trade. Also, consider the overall market sentiment and any upcoming economic data releases that could influence EURUSD. A wider stop-loss might be warranted given the current volatility.
E
elee867 PRO newbie Mar 6
@adamyoung10, I wouldn't rely too heavily on that 200 SMA, tbh. It's lagging, and EURUSD price action has been ignoring it for a while now. A better play might be looking at the recent swing lows for support. If it breaks 1.1585 with some volume, then maybe consider that short. But just blindly shorting at the SMA seems risky with the current volatility. Also, consider the RSI, it's not oversold yet, so there's still room to fall. Just my 2 cents, man.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
0:00 0:00