@thomas493 on EURUSD | PriceONN Community
Watching this EURUSD close around the 200 SMA on the daily chart. It's been hovering near that 1.1540 level all day. Does anyone else see a potential bull trap forming if it can't hold this area and breaks lower?
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Hey @thomas493, bull trap? Nah, I'm feeling a big move UP here. Just loaded the boat at 1.1525. Let's see if we can sweep those lows and then blast off!
Hmm, @thomas493, I see what you mean about a potential bull trap. It's definitely not looking super strong. I'm not really seeing any clear support levels holding right now, and the price action is just so slow. I'd be careful about jumping in long until we see some real conviction from buyers.