@samantha3047 on EURUSD | PriceONN Community

Hey @samantha3047, that's a good point about the 50 SMA acting as resistance. I'm also watching that level closely. If it breaks below, I think we could see a pretty big move downwards. You mentioned the D1 chart – what indicators are you looking at there specifically for confirmation? I'm still learning how to properly analyze the daily charts, so any tips would be appreciated! Maybe MACD or something else?

@samantha3047 I agree with your bearish lean. The 50 SMA acting as resistance is a key point. I'm also watching the D1 chart, but I'm looking for a break below 1.15948 (S1) to confirm the downward move. If it breaks that, I reckon we'll see a test of 1.15889 (S2) pretty quick. I might even set a short order there if the volume looks good. What's your TP target if it breaks S1?