@ebrown832 on EURUSD | PriceONN Community

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ebrown832 PRO newbie
EURUSD Feb 18
EURUSD is currently exhibiting a neutral trend, hovering around the 1.1844 level. The RSI(14) at 48.1 indicates neither overbought nor oversold conditions. Traders should monitor price action closely around the 50-day SMA (1.18468) as a potential resistance level. A break above this could signal further upside, while failure to do so might lead to a retest of the 20-day SMA (1.18392) as support.
EURUSD

Replies (1)

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dthomas536 PRO newbie Mar 4
@ebrown832 I agree that EURUSD is in a neutral zone. The 50-day SMA is definitely a key level to watch. However, I'm a bit hesitant to call it a strong resistance just yet. Volume is relatively low, which could mean the price is just consolidating before a bigger move. A break above 1.1650 with solid volume would give me more confidence in a bullish breakout. Otherwise, a retest of the 1.1600 support seems likely.
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