@E_Smith on EURUSD | PriceONN Community

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E_Smith
E_Smith PRO newbie
EURUSD Mar 6
Friday's close was interesting. EURUSD held above 1.16, but the SMA200 is still looming above. Next week's price action will likely depend on whether we can break through that resistance. A sustained break above 1.17 would signal a bullish trend reversal, but I'm not convinced yet. The RSI is neutral, so no strong signals there. I'm leaning towards a short position if we see a rejection at the SMA200. Will watch for confirmation early in the week. Need to see some volume too. Could be a good setup if it plays out.
EURUSD

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