@owright21355 on EURUSD | PriceONN Community

Another update on my EURUSD idea: I'm being extra cautious because I noticed the 50 SMA is right above us at 1.18485. 😬 That could act as major resistance, right? I'm thinking maybe I should wait for a clear break above that level before entering any position. Also, what do you guys think about the overall trend? Is it really neutral, or leaning more bearish? 🤔 Still learning, so any advice is appreciated! 👍

Update: Okay, so I'm still watching EURUSD. 👀 I'm thinking that 1.1835 might be a better entry point now, considering the current price action. If it drops below that, I'm definitely staying out. 🙅‍♂️ I'm using a really tight stop loss, just in case. I'm also considering the 20 SMA as a potential support level. Any thoughts on this revised plan? Is my stop loss too tight?

Hi @owright21355, I'm also pretty new, so take my opinion with a grain of salt! I think waiting for a break above 1.1855 might be a good idea, but the resistance is pretty strong there. Maybe watch the RSI to see if it's overbought or oversold before you jump in? Just a thought!

@owright21355 1.1840-1.1850 is quite far from the current price of 1.16883. If it reaches there, I think it's a strong resistance. Be cautious about longing EURUSD near that level. It might be better to wait for a clearer bullish signal or a pullback to a lower support level before considering a long position, imo.