@HalimaUsman on EURUSD | PriceONN Community

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HalimaUsman
HalimaUsman PRO newbie
EURUSD Mar 20
Watching EURUSD here, the price action is holding near the 1.1560 level. The 200 SMA is still below, and we've had some decent bullish momentum earlier in the week. I'm leaning towards a continuation higher, targeting the 1.1580-1.1600 zone if we can break through the R1 pivot.
EURUSD

Replies (1)

T
thandeka3361 PRO newbie Mar 24
Hey @HalimaUsman, I hear you watching the 1.1560 level. It's definitely a key spot right now. But honestly, I'm a bit nervous about going long there. The dollar has been surprisingly strong lately, and that news about the Fed's uncertain path is making me think twice. 😟 If anything, I'm looking for a pullback to around 1.1550 to even consider a short. That 200 SMA is still looking pretty far away on the upside, and we had that nice drop earlier in the week. Feels like we might retest those lower pivot points before any real rally. What are your thoughts if we can't break that R1 pivot?
EURUSD 1.16101 -0.02%
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