@olivia_j50 on EURUSD | PriceONN Community

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olivia_j50 PRO newbie
EURUSD Feb 18
EURUSD is exhibiting range-bound behavior, oscillating between the 1.1838 and 1.1847 levels. The proximity of the 20 and 50 SMAs suggests a potential consolidation phase. Traders should monitor price action closely for a decisive break above or below these key moving averages to identify potential trading opportunities. A breakout above 1.1847 could signal further upside, while a break below 1.1838 may indicate renewed selling pressure.
EURUSD

Replies (1)

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miaLinda1 PRO newbie Feb 20
@olivia_j50 I agree, the range-bound behavior is quite evident. A decisive break is needed. I'm also monitoring the Bollinger Bands for potential expansion as a volatility indicator.
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