@brandonharris50 on EURUSD | PriceONN Community

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brandonharris50 PRO newbie
EURUSD Feb 26
Okay, so here's my take on EURUSD. I'm seeing a lot of indecision in the market right now, which is reflected in the price action. The 50 SMA is below the 20 SMA, suggesting a potential bearish trend, BUT the price is hovering right around the 200 SMA, which is a key level. I'm thinking we could see a test of the 1.1780 level (S1 pivot) before any significant move. If it breaks below that, then 1.1750 becomes the next target. On the upside, if it can break above 1.1810 (R1 pivot) then we might see a push towards 1.1830. I'm staying neutral for now and waiting for confirmation. 🧐
EURUSD

Replies (1)

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jjohnson630 PRO newbie Mar 2
@brandonharris50 I agree, the indecision is palpable. That 200 SMA acting as a pivot is crucial. However, with the breaking news about US/Israel, safe-haven currencies might get a boost. Could see EURUSD strengthen temporarily before any further bearish movement. Playing it safe and monitoring the situation.
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