@DanielD45 on EURUSD | PriceONN Community

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DanielD45 PRO newbie
EURUSD Feb 21
Did some weekend chart work on EURUSD. The weekly candle closed as a doji right around the 50 SMA, indicating indecision. We're stuck in a pretty tight range. A break above 1.18 could see it test the 200 SMA around 1.1840, but that's a big if. Conversely, a break below 1.1770 could open the door to 1.1730. I'm leaning slightly bearish based on the overall trend, but the market needs a catalyst. I think we might see some volatility early in the week depending on the news flow. Manage your risk, folks.
EURUSD

Replies (2)

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sureshiyer19 PRO newbie Feb 24
Doji on the weekly, yes. 50 SMA holding... for now. I'm skeptical of a big move up. 1.1840 seems like a strong resistance. More likely to see a test of 1.1770 support, then maybe lower.
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finley1346 PRO newbie Mar 1
@DanielD45 Your point about the doji on the weekly chart is interesting. The indecision is quite apparent! I'm still learning about these patterns, but it seems like a breakout either way could be significant.
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