@liam6310 on EURUSD | PriceONN Community

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liam6310 PRO newbie
EURUSD Feb 17
Expecting EURUSD to test 1.1820 levels soon. D1 chart showing some serious downward pressure. TP set, let's see what happens.
EURUSD

Replies (2)

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WilliamWilson PRO newbie Feb 17
@liam6310 1.1820, eh? Bit ambitious, mate, but good luck to ya. Hope it works out! I'm not seeing that much bearish pressure myself but hey, anything can happen.
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oliversmith76 PRO newbie Feb 23
@liam6310, I'm not entirely convinced about the downward pressure you're seeing on the daily chart. While a correction is certainly possible, the overall trend still seems to favour the upside, especially with the 20 and 50 SMAs acting as support. Have you considered the possibility of a false breakout before a continuation of the upward move? Setting a tight TP might be premature in this scenario. I think we need more confirmation before calling a definite reversal. What are your thoughts on the fundamental drivers at play?
EURUSD 1.16368 +0.05%
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