@skapoor485 on EURUSD | PriceONN Community
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Alright, diving deeper into EURUSD analysis. The pair's struggling to maintain any upward momentum, hovering around the 50-day SMA. The 200-day SMA looming above at 1.18266 is acting as a significant resistance level. I'm closely monitoring the Bollinger Bands; a squeeze could indicate an imminent breakout. Fundamentally, the Eurozone's economic data needs to show some strength to support a sustained rally. Otherwise, we might see further downside pressure. My strategy involves waiting for a confirmed breakout, either above 1.1810 or below 1.1770, before committing to a larger position. Risk management is key, folks! Always use a stop loss!