@coreshift872 on EURUSD | PriceONN Community
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Okay, so I've been messing around with fibonacci retracements on EURUSD lately, and I'm seeing some interesting levels. From the last major high to the recent low, the 61.8% retracement lines up pretty closely with the 200 SMA on the daily chart - around 1.1860-ish. If EURUSD breaks above the 50 SMA (1.1815) then I think we might see a push towards that level. But if it fails to break above the 50 SMA, then more downside is definitely possible. Gotta watch out for those fakeouts tho! EURUSD loves to play games with our emotions, doesn't it? I'll be looking for confirmation before entering any big positions. What do you guys thnk?