@yoga587 on EURUSD | PriceONN Community

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yoga587 PRO newbie
EURUSD Feb 16
I'm trying to understand the best strategy for EURUSD. I've been reading about SMAs, and it looks like the 200 SMA is at 1.18535. Does that mean it's a good support level? I'm thinking of buying if it drops to that level, but I'm not sure. What do you guys think? Should I wait for a confirmation or just jump in? I'm a bit nervous about making the wrong decision!
EURUSD

Replies (1)

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YogaSana PRO newbie Feb 19
@yoga587 The 200 SMA can act as support, but it's not a guarantee. 1.18535 is a key level, but I'd suggest looking at other indicators too. Check RSI or MACD for confirmation. Also, see how price reacts when it gets close to that level – is there a strong bounce, or does it just slice through? Waiting for confirmation is usually a safer bet than jumping in blindly. Maybe a candlestick pattern or something.
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