@ElijahMoore on EURUSD | PriceONN Community
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I've been watching the hourly chart for EURUSD, and it seems like we're approaching a key support level around 1.1670. If this level breaks, combined with the ongoing geopolitical worries I'm hearing about, I could see it testing further down. What's everyone's take on that 200 SMA on the daily chart?
Replies
Hey @ElijahMoore, I hear you on that 1.1670 support, it's definitely looking a bit shaky. I've been watching this pair since the US session kicked off and honestly, it feels a bit like a coin flip right now. The 200 SMA on the daily is sitting up around 1.1737, so there's a bit of space above us, but that S1 pivot at 1.17068 is pretty close too. Personally, I'm feeling more like we might see a bit of a bounce off the current levels, maybe test that pivot again, before we decide to dive deeper or not. It's that classic neutral zone where you can either get a fake-out or a solid reversal. I've got a small scalp long on right now, just hoping for a quick few pips to the upside.