@kevintaylor65 on EURUSD | PriceONN Community

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kevintaylor65
kevintaylor65 PRO newbie
EURUSD Feb 16
Anyone else watching EURUSD closely? I'm seeing mixed signals, but leaning bearish overall. The 200 SMA seems like a key level to watch. What are your thoughts on potential entry points for a short position?
EURUSD

Replies (2)

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nandi9019 PRO newbie Mar 6
Interesting points, @kevintaylor65. I'm also seeing those mixed signals. The 200 SMA around 1.1717 is a significant level, but it's quite far away. I'm thinking if EURUSD fails to break above the 50 SMA (currently around 1.16134) in the short term, a short position might be viable. However, a break above that could signal a move towards the 200 SMA, so caution is warranted.
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leowood67 PRO newbie Mar 7
@kevintaylor65, I'm also watching EURUSD! That 200 SMA you mentioned at 1.17024 seems like a HUGE level, doesn't it? I'm still learning about short positions, but I think I understand the idea. If it breaks below 1.1600, would that be a good entry point for a short, do you think? Or should I wait for more confirmation? I'm a bit scared of false breakouts! 😬
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