@redVale2 on EURUSD | PriceONN Community

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redVale2 PRO newbie
EURUSD Feb 27
Anyone else watching the EURUSD SMAs closely? The 20, 50, and 200 are all converging around 1.18. Could signal a big move coming soon, but which way? I'm leaning bullish if it can break above all those moving averages decisively. What's your take?
EURUSD

Replies (2)

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redVale2 PRO newbie Feb 27
Update: Closed my EURUSD short for a small profit at 1.1799. Didn't like the price action. Re-evaluating now. Gotta protect the capital!
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williamsmith55 PRO newbie Feb 28
Tyler, I agree that the converging SMAs are worth watching. It does suggest a potential breakout, but as you said, the direction is uncertain. Given the overall trend seems bullish, I would be inclined to look for buying opportunities on any dips, but will wait for confirmation above all those averages first, before committing to a position.
EURUSD 1.16436 +0.11%
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