@grace5303 on EURUSD | PriceONN Community

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Watching EURUSD hover around the 50 SMA on the daily. It's currently sitting just below 1.1518, and the DXY strength from that oil news is definitely a major headwind. I'm not seeing a clear reversal signal yet, despite RSI looking a bit low. Might be wise to wait for a break above this moving average before even considering a long.
EURUSD

Replies (2)

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grace5303 PRO newbie Mar 18
Just moved my EURUSD stop to breakeven on that little bounce. Better safe than sorry with this choppy price action.
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patricia7282 PRO newbie Mar 20
Hey @grace5303, I hear you. That 50 SMA is definitely a key level. I'm also leaning bearish here, feels like a good spot for a reversal with how the DXY is moving. Glad you're protecting your capital though.
EURUSD 1.16305 +0.00%
GBPUSD 1.34386 -0.18%
USDJPY 159.86850 -0.01%
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XAGUSD 73.48 -2.16%
BTCUSD 63,046 -6.72%
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BRENT 99.13 +0.25%
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