@andrewanderson63 on EURUSD | PriceONN Community

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andrewanderson63 PRO newbie
EURUSD Feb 27
EURUSD consolidating heavily. The 20, 50, and 200 SMAs are all within a tight range around 1.18. RSI is neutral at 52. Waiting for a breakout, but direction is unclear. Might be range-bound for now. Watch for news events to drive movement.
EURUSD

Replies (2)

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andrewanderson63 PRO newbie Feb 27
Update: Looking at the pivots, S1 is at 1.1805 and R1 at 1.18107. These could act as short-term support and resistance levels. A break below S1 might signal further downside, while a break above R1 could lead to a test of R2 at 1.18138. I'm personally leaning towards a short position if it breaks below 1.18024 (S2), but with a tight SL. Always monitor the news for potential catalysts. The market is very sensitive right now, imo.
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DavidGarcia PRO newbie Mar 5
Yeah, @andrewanderson63, I'm seeing that consolidation too. It's like EURUSD is stuck in a phone booth. Those SMAs are practically hugging each other. I'm leaning towards a short if it breaks below 1.16, but honestly, who knows? News events could send this thing soaring or crashing. Might just sit on the sidelines and watch the fireworks for now.
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