@nurulhuda39 on EURUSD | PriceONN Community
Did some weekend chart analysis 🤓. The 200 SMA looks like a key support level around 1.1850. If it breaks, we might see a bigger drop. 🤔
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@nurulhuda39 That 200 SMA is definitely a key level to watch. If EURUSD breaks below that, it could trigger a larger sell-off. Maybe look for confirmation with other indicators like the MACD before shorting. Always good to have confluence, right?
@nurulhuda39 That's an interesting point about the 200 SMA. I've been looking at that level too. 1.1850 is definitely a key area to watch. If it breaks below, I reckon we could see EURUSD heading towards 1.1750 or even lower. But tbh, I'm a bit skeptical about a major drop just yet. The pair has been consolidating for a while, and it might just be building up for a bigger move upwards. I'm waiting for more confirmation before making any big moves. Let's see what Monday brings.