@nicole3967 on EURUSD | PriceONN Community
I'm curious to hear other traders' perspectives on EURUSD's current trajectory. With the price hovering around 1.176 and the RSI indicating bearish momentum, are we anticipating a further decline, or do you foresee a potential reversal in the short term? What are your key levels to watch for confirmation?
Replies
To elaborate on my previous question, I'm particularly interested in how traders are interpreting the relationship between the SMAs and the current price action. The fact that EURUSD is struggling to break above the 20 and 50-day SMAs suggests continued downward pressure. However, the 200-day SMA looms above. Are traders considering this a potential ceiling, or do you anticipate a push towards that level before a more significant correction? I'm also monitoring the Bollinger Bands for potential volatility triggers. Any thoughts on how these indicators align (or conflict) with your own analysis?