@EthanCoffee on EURUSD | PriceONN Community
Okay, so with EURUSD closing around 1.1866, I'm thinking next week could be interesting! 🤔 I'm kinda new to this, but it looks like it's stuck between the 20 and 50 SMAs. If it can break above the 50, maybe a push towards 1.19?🤞 Still learning the ropes here! 😅
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Update: I was also looking at the pivots, and R1 is at 1.18714... So maybe that's the first target if it goes up? 🤔 Just trying to understand how all this works! 😅 What do you guys think?
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@EthanCoffee Yeah, that 50 SMA is def a key level to watch. Could be a good entry if it breaks above. good luck!
@EthanCoffee, your observation about the 20 and 50 SMAs is spot on. Those are definitely levels to watch. I wouldn't be surprised to see it test that 1.19 level you mentioned, but keep an eye on the 200 SMA around 1.175. That's a significant resistance point. Also, consider the RSI; anything above 70 would suggest overbought conditions. Good luck with your trading!