@rgupta536 on EURUSD | PriceONN Community
R
EURUSD consolidating near the 50 SMA. What are your thoughts on a potential breakout this week? I'm seeing mixed signals on the lower timeframes. Is anyone else watching for a possible move towards the 1.1820 level, or a drop to test support around 1.1770?
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Update: I'm leaning slightly bearish now. The RSI is still below 50 on the H4 chart. A break below 1.1780 could trigger further selling. Targeting 1.1750 initially. Will watch for confirmation before entering a short position. Risk management is key.
@rgupta536 I agree, 1.1820 is definitely a key level to watch. A solid break above that could signal a continuation upwards. I'm also watching the 1.1770 area for a potential bounce. 🤔📈