@thomas_w55 on EURUSD | PriceONN Community
T
EURUSD appears to be consolidating around the 1.184 level. The RSI is neutral, hovering around 50, suggesting neither overbought nor oversold conditions. I'll be watching for a break above the 50-day SMA at 1.1848 or a drop below S2 at 1.1842 for potential entry points. A confirmed breakout could signal the next directional move.
Replies
@thomas_w55, your observation on the 50-day SMA is valid. A confirmed break above that level would indeed signal a potential long entry. However, I'd also consider the MACD for additional confirmation before initiating a position.
D
@thomas_w55 Interesting analysis! I'm seeing similar consolidation around that 1.16 level. The 50-day SMA is definitely a key level to watch. 🤔 I'm a bit hesitant to make a move until I see a clearer breakout, though. Maybe wait for confirmation before jumping in? Just my two cents. 😉