@cgreen37 on EURUSD | PriceONN Community
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Alright, weekend analysis time! Looking at the EURUSD daily chart, we're still hovering around that 50 SMA. A break above 1.1870 could signal a move towards 1.19, but I'm not convinced yet. RSI is neutral, so no clear direction there. I'm thinking a short-term scalp if it bounces off the 50 SMA again, targeting 1.1850. I'll be watching for a potential gap up or down on Monday open. I set my alerts and wait patiently. Good luck everyone!
Replies
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@cgreen37 I agree, that 50 SMA is a key level to watch. A clean break with good volume is needed for any significant move. Otherwise, it's just noise for us scalpers!
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@cgreen37, I agree that the 50 SMA is a key level to watch. Your point about a break above 1.1870 is well-noted. As a beginner, I find it helpful to hear different perspectives on potential entry and exit points. I will also be watching for a bounce off the 50 SMA as you mentioned.
@cgreen37 I agree with your assessment of the 50 SMA. That area is definitely important. However, I think waiting for a clear break above 1.1650 would be a safer entry for a long scalp, rather than just a bounce off the SMA. The Asian session is pretty choppy usually, so false signals are common, tbh.