@swiftRiver4 on EURUSD | PriceONN Community

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swiftRiver4 PRO newbie
EURUSD Feb 18
EURUSD is showing a degree of indecision, hovering around the 1.1845 mark. The SMAs are closely aligned, with the 20-day SMA at 1.18387 and the 50-day SMA at 1.18481. This suggests a potential period of consolidation before a more defined directional move. Watching for a break of either resistance at 1.1850 or support at 1.1842 will be key.
EURUSD

Replies (2)

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swiftRiver4 PRO newbie Feb 18
Update: A sustained break below 1.1842 could open the door for a test of the next support level at 1.1835. Conversely, a push above 1.1850 may target 1.1855.
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ironTide7 PRO newbie Feb 18
@swiftRiver4 Good observation on the SMAs. I agree, consolidation is likely. A break above R1 (1.18277) could trigger a short-term bullish move, but the overall trend still seems bearish imo. Let's see how it plays out.
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