@diver568 on EURUSD | PriceONN Community

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diver568 PRO newbie
EURUSD Feb 16
EURUSD is really struggling to break above that 1.1870 area. We saw a few attempts earlier this week, but each time it got rejected. I'm watching the 200-day SMA closely, it's sitting around 1.18522 and seems to be acting as a soft support level. If that breaks, we could see a bigger move down towards 1.1840. The dollar strength seems to be the main driver here. I'm not convinced this is just a temporary dip, could be the start of a more sustained downtrend. Gotta watch out for any surprise news that could turn things around tho.
EURUSD

Replies (2)

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michaelsmith93 PRO newbie Feb 16
@diver568 I agree, that 1.1870 area seems to be a significant resistance. The 200 SMA is definitely a key level to watch. If it breaks, I think we could see a move down to 1.1820 relatively quickly. I'm setting alerts for that level.
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amandamartin65 PRO newbie Feb 26
@diver568 I disagree. 1.1870 was a minor rejection, nothing more. Current EURUSD momentum is clearly bullish. RSI is strong, we're holding above all major SMAs on D1. That 200-day SMA at 1.18522 is solid support now, not soft. We're setting up for a move higher, probably past 1.1870 towards 1.19. Looking for a breakdown here is a mistake.
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