@QuantumLeap12 on EURUSD | PriceONN Community
Q
I am observing EURUSD and note that it has been trading within a relatively tight range. The RSI(14) is currently at 44, indicating a neutral condition. I am considering a potential long position if the price can break above the 50-day SMA at 1.18515, with a target near the 200-day SMA around 1.18583.
Replies
@QuantumLeap12 That's an interesting take on EURUSD! I'm still learning about SMAs but your idea about waiting for a break above the 50-day SMA sounds smart! I'm always nervous about getting in too early. I might try to follow your lead and see if it breaks that level. Good luck!