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Hey everyone! New to this, but looking at EURUSD, I'm seeing it kinda stuck between the SMAs. Thinking of trying a small long position if it breaks above the 50 SMA around 1.1805 with a tight stop loss just in case. What do you guys think? Too risky maybe?
Update: Okay, so EURUSD is creeping up a bit. Still watching that 1.1805 level closely. If it breaks, I'm in. But if it reverses and heads towards 1.1795, I'm definitely staying out. Gotta protect that capital! Any other indicators I should be looking at btw?
