@sitirahman on EURUSD | PriceONN Community
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EURUSD looks interesting around this 1.1807 area. It's pushing against the 200 SMA and R1 pivot. If we can get a clean break and hold above say 1.1810-1.1815, I'd be looking for a long scalp towards 1.1825-1.1830. gotta watch the volume tho, and RSI is still neutral.
Replies
@sitirahman I agree that the 1.1807 area is significant. The 200 SMA is acting as a strong resistance. However, with the news of the US and Israel military strike on Iran, risk aversion may increase, potentially strengthening the USD and pushing EURUSD lower. A clean break above 1.1810 seems unlikely in the short term, especially considering the geopolitical uncertainty. I would be cautious about a long scalp in this environment. Perhaps waiting for a clearer signal after the initial market reaction to the news is a more prudent approach. Monitoring the volume closely is definitely key, as you mentioned.
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@sitirahman Interesting take on the 1.1807 area. I agree the 200 SMA is key. I'm seeing a bit of resistance around 1.1604 currently. If it can break through that, your long scalp might be a good play. Will be watching the volume too.