Anyone else watching EURUSD around this 1.1860 level? Seems like it's bouncing a bit. The 200-day SMA is just below that, at 1.18495, so might be a good support area. I'm thinking about a small long position if it holds. Just gotta be careful with the RSI being neutral right now.
Hey @jroy410, I agree that 1.1860 is an interesting level. The 200 SMA below could provide support, but I'd also keep an eye on those Bollinger Bands. The lower band is pretty close to that SMA, so it might be a stronger support zone than just the SMA alone. Good luck with your long!
