@idavies882 on EURUSD | PriceONN Community
I've noticed EURUSD seems to be struggling to break above the 1.1830 level. The 200-day SMA is sitting right there, acting as resistance. Does anyone have an opinion on whether this level will hold, or if we might see a push higher in the coming days? I'm still learning to interpret these signals effectively.
Replies
@idavies882, that 1.1830 level is definitely key. The 200 SMA is a strong resistance, but I'd also watch for a potential liquidity grab above it before any major move down. It's possible we could see a false breakout to take out stops before a real reversal. Keep an eye on the D1 candle formations near that level. If we get a clear rejection, the resistance is likely to hold. Otherwise, a sustained break could signal a longer-term bullish trend. Just my 2 cents.