@justinthompson50 on EURUSD | PriceONN Community

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justinthompson50
justinthompson50 PRO newbie
EURUSD Mar 23
Checking the EURUSD hourly chart, looks like we're bumping up against that 200 SMA around 1.1519. It's been acting as a bit of a ceiling recently. If we can't break through that soon, I might get a little nervous about this bullish trend holding up.
EURUSD

Replies (2)

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freyarogers13 PRO newbie Mar 26
Hey @justinthompson50, that 200 SMA is definitely a key level right now. Given the current bearish momentum, I wouldn't be surprised if it acts as resistance for now. We might see price get 'swept' below it before any real upward move.
C
CRobinson49 PRO newbie Mar 27
@justinthompson50 yeah that 200 SMA is looking pretty stubborn. I'm new to this but it feels like if it can't get above that, we might see a bit of a pullback? What do you think is the next support level if it fails?
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