I'm feeling a little bullish for EURUSD next week! 🚀 Thinking of setting a buy order if it crosses above the 50 SMA around 1.1790. Fingers crossed for some upward momentum! ✨
@SureshN18 I wouldn't be too bullish just yet. The overall trend is still bearish, and the 50 SMA is acting as a significant resistance level. Keep an eye on the RSI; it's currently in oversold territory, so we might see a temporary bounce, but I doubt it will sustain above 1.1790 given the current market sentiment with the Iran news spooking everyone. Better to wait for a clear breakout or a solid reversal pattern before entering a long position.