@duskrunner226 on EURUSD | PriceONN Community

@duskrunner226 I agree that the 50 SMA and 200 SMA levels are key. I'm also watching those levels for potential breakouts. A clear break above or below could signal a good trading opportunity next week.

@duskrunner226 I agree, that 50 and 200 SMA range is key! I'm watching those levels too. A clear break either way would be a good signal. I'm leaning towards a short if it breaks below 1.1850, but I'm ready to switch gears if it goes the other way. Patience is a virtue, right? 😉

Finley, your observation about the SMAs is spot on. I'm also watching those levels closely. However, I'm a bit more cautious about expecting a significant move based solely on those levels. The news about the US and Israel Joint Military Strike on Iran could inject a lot of volatility into the market. A gap opening is possible, and the 50 and 200 SMAs might not hold as strong support/resistance levels in that scenario. I'll be waiting for the market to settle down a bit before making any rash decisions. The pivot points also offer some guidance for potential targets. What's your risk management strategy?