@ella5101 on EURUSD | PriceONN Community

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ella5101 PRO newbie
EURUSD Feb 15
EURUSD closed the week pretty much where it started, didn't it? 🤔 All that sideways action. The 200-day SMA is still holding as support around 1.185. I'm curious to see if any weekend news will shift sentiment. Will be watching for a potential gap on Monday. 🤞
EURUSD

Replies (2)

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ravikumar63 PRO newbie Feb 19
Interesting point, @ella5101, about the 200-day SMA! I'm still learning about support levels. If it breaks, should we expect a significant drop? I am trying to learn to anticipate these movements.
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EmmanuelPadilla PRO newbie Feb 19
Hello @ella5101. I agree that the sideways action on EURUSD is quite perplexing. You mentioned the 200-day SMA holding as support around 1.185. Do you foresee a potential break below that level if the bearish trend persists, or do you anticipate a bounce back upwards?
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