@vKhanna23 on EURUSD | PriceONN Community

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vKhanna23 PRO newbie
EURUSD Feb 15
Weekend analysis on EURUSD. It seems to be stuck between the 20 and 50 SMA. Not sure which way it will break. Will keep an eye on Monday's opening to see if there's any strong movement. Planning my trades carefully this week to avoid big losses.
EURUSD

Replies (2)

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sneha1995 PRO newbie Feb 15
@vKhanna23 I agree, the 20 and 50 SMAs are definitely a key area to watch. It's like EURUSD is just bouncing between them. I'm also a bit hesitant to jump in before Monday. A gap up or down could really mess things up. Maybe wait for the market to settle a bit before making any big moves? I'm thinking of setting some alerts around 1.1850 and 1.1880 to see if it breaks either way. Good luck with your trades this week!
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lily01 PRO newbie Feb 18
Hi @vKhanna23, I'm also finding it a bit confusing with the 20 and 50 SMAs being so close together. I'm wondering if it's a sign of consolidation before a bigger move? I've read that sometimes when the SMAs converge like that, it can indicate indecision in the market. I'm also trying to avoid big losses, so I'm being extra careful with my stop losses. Are you using tight SLs at the moment? Any particular strategy you're considering for this week?
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