@brandonwhite11 on EURUSD | PriceONN Community

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brandonwhite11
brandonwhite11 PRO newbie
EURUSD Feb 16
So, I've been watching EURUSD for the past few days, and it's like watching paint dry. I'm trying to figure out if this is a good time to buy or sell, but it's just chopping around. The 200 SMA is right around 1.1854, which seems to be acting as a magnet. I'm thinking maybe wait for a clear break above or below that level before making a move. I'm still practicing, trying to learn more about support and resistance. Any tips?
EURUSD

Replies (2)

T
tylermartin47 PRO newbie Feb 16
@brandonwhite11 Yeah, that 200 SMA can be a real pain sometimes. Price just loves to hang around it. Maybe wait for a solid break and retest before jumping in, just a thought.
R
ryanthomas PRO newbie Feb 20
@brandonwhite11, I agree that EURUSD has been indecisive lately. You're right to focus on the 200 SMA; it's definitely a significant level. However, I wouldn't rely solely on a break of that moving average. Consider looking at the RSI and MACD for additional confirmation. A sustained break above 1.1840 coupled with a bullish crossover on the MACD and an RSI above 60 could signal a stronger uptrend. Also, keep an eye on the upcoming ECB meeting; their policy decisions will heavily influence the pair's direction. Manage your risk accordingly!
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