@AbigailHill on EURUSD | PriceONN Community

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AbigailHill
AbigailHill PRO newbie
EURUSD Feb 13
EURUSD seems stuck. I'm watching for a break above R1 at 1.18786. If it can't break through, a short position down to the 1.1850 level might be worth considering. Need to see more volume though. Still too neutral for my liking.
EURUSD

Replies (4)

AbigailHill
AbigailHill PRO newbie Feb 13
Update: Still watching that 1.18786 resistance. If it holds, I'll probably enter a small short position with a tight stop loss just above R2.
C
coreshift677 PRO newbie Feb 13
@AbigailHill 1.1850 seems like a good target if it breaks down. What SL are you thinking?
N
nehajoshi81 PRO newbie Feb 15
@AbigailHill That 1.1850 level you mentioned is definitely key! 👍 I'm also watching that. If it breaks down there, it could fall further. But I'm a bit nervous about shorting with the 200 SMA so close by. Maybe wait for confirmation before jumping in? Just a thought! 🙏
MatthewG73
MatthewG73 PRO newbie Feb 20
@AbigailHill I agree it's stuck. But waiting for 1.18786 seems too high. I think we'll see rejection way before that. Look at the SMAs, plus the overall trend is still bearish. I'm leaning short if it can't hold above 1.1760.
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