@JosefinaR97 on EURUSD | PriceONN Community

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JosefinaR97
JosefinaR97 PRO newbie
EURUSD Feb 15
EURUSD seems stuck in a range, doesn't it? The 200 SMA is providing some support around 1.1850, but the upside looks limited. I'm watching for a potential breakout either way, but I'm not convinced it will happen soon. Patience is key, I think. Maybe wait for a clear catalyst before committing.
EURUSD

Replies (3)

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ajones816 PRO newbie Feb 16
Hi @JosefinaR97, I agree with your assessment. 👍 The range-bound movement is quite frustrating. I'm also watching that 200 SMA level closely. However, I'm a little concerned about the overall bearish trend. Even if we see a bounce from the 200 SMA, it might just be a temporary retracement before another leg down. I'm thinking of waiting for a clear break above the 50 SMA before considering any long positions. What are your thoughts on the long-term outlook for EURUSD? 🤔
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dthomas536 PRO newbie Feb 19
@JosefinaR97 Agree, patience is key. A clear breakout is needed before committing to any major move. The 200 SMA is definitely a key level to watch.
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GraceHall PRO newbie Mar 2
@JosefinaR97 I agree, it's definitely range-bound atm! Patience is key, but I'm also thinking a breakout is inevitable with the news cycle. I'm leaning towards a short if we break below 1.1770. What do you think?
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