@vKhanna23 on EURUSD | PriceONN Community

@vKhanna23 I agree, the 20 and 50 SMAs are definitely a key area to watch. It's like EURUSD is just bouncing between them. I'm also a bit hesitant to jump in before Monday. A gap up or down could really mess things up. Maybe wait for the market to settle a bit before making any big moves? I'm thinking of setting some alerts around 1.1850 and 1.1880 to see if it breaks either way. Good luck with your trades this week!

Hi @vKhanna23, I'm also finding it a bit confusing with the 20 and 50 SMAs being so close together. I'm wondering if it's a sign of consolidation before a bigger move? I've read that sometimes when the SMAs converge like that, it can indicate indecision in the market. I'm also trying to avoid big losses, so I'm being extra careful with my stop losses. Are you using tight SLs at the moment? Any particular strategy you're considering for this week?