@kabiru1989 on EURUSD | PriceONN Community

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K
kabiru1989 PRO newbie
EURUSD Feb 25
Still watching EURUSD. Thinking it might retest the 1.1800 resistance soon. If it breaks, we could see a push towards the 200 SMA.
EURUSD

Replies (1)

H
hassan1995 PRO newbie Mar 3
Kabiru, I'm not so sure about a retest of 1.1800. That seems quite far away considering the current bearish trend. The 200 SMA is definitely a key level, but it's even higher, around 1.176. I'm thinking that unless something changes drastically, EURUSD might struggle to even reach 1.17. Maybe a small bounce, but a full reversal seems unlikely to me. I'm still learning how to properly analyze these things, but the overall sentiment seems quite negative. What are your thoughts on the current economic climate impacting EURUSD?
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