@ajoshi602 on EURUSD | PriceONN Community

Hey @ajoshi602, thanks for the heads up on the 200 SMA! I'm looking at that now and it seems like a pretty big deal. Do you think it's likely to actually hit that resistance, or might it turn around before then? Just trying to understand how much weight to give it!

Hey @ajoshi602, I agree, the RSI is looking kinda bullish! That 200 SMA is definitely a key level to watch, though. It's been acting as pretty strong resistance for a while now. I'm wondering if we'll see a fakeout before a real breakout. I'm thinking it might consolidate a bit more before making a serious move. I'm going to wait for a confirmed breakout above 1.1620 before considering a long position. Patience is a virtue, eh? I've been burned by false breakouts too many times!