@mia251 on EURUSD | PriceONN Community

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mia251
EURUSD is kinda stuck between the 50 and 20 SMAs rn. RSI is showing bullish signals, but it's not super convincing. I'm watching to see if it can break past R1 around 1.1772. If it does, that could be a good sign for a short-term long position. But if it fails, a retest of S1 at 1.1758 is def possible.
EURUSD

Replies (1)

J
joshua88 PRO newbie Feb 21
@mia251, your observation regarding the 50 and 20 SMAs is pertinent. I concur that a decisive break above R1 at 1.17866 would indeed signal a potential short-term long opportunity. However, I would advocate for waiting for confirmation via a candlestick pattern on the H4 chart before committing to a position. Premature entry could expose one to unnecessary risk, particularly with the market's current indecisiveness.
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