@ashley90 on EURUSD | PriceONN Community
Is anyone else watching the 50 SMA on the EURUSD? It seems to be acting as pretty solid resistance right now around 1.1632. If we break through that, I think we could see a push towards the 200 SMA. Just a thought I had looking at the chart. What do you guys think?
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Update: I'm noticing that the price keeps bouncing off of that 1.1632 level. It's tested it like 3 times in the last few hours. Makes me think it's a pretty strong resistance point. If it fails to break through again, maybe a short position is worth considering? But tbh, I'm still pretty new to this, so I'm not 100% confident in my anlaız just yet. Anyone else seeing the same thing? Maybe I shld wait for D1 close to confirm.
B
Hey @ashley90, I'm also watching that 50 SMA! I'm super new at this, but it does seem like it's bouncing off it a lot. I'm wondering if I should try a short position if it stays under 1.1632 like you said. Thnk it's a good idea? I'm still learning about resistance and support.