Interesting close to the week. RSI is showing bullish momentum, but those SMA levels are still pretty tight. I'm wondering if we'll see a breakout attempt early next week, or if it'll just consolidate further. Anyone else looking at potential breakout strategies around the 1.3660 level?
Hey @cwright358, I agree about the interesting close. I'm also watching those SMAs. The 20 and 50 are so close right now, it's almost a coin flip. I'm leaning towards consolidation before any major breakout, maybe testing that 1.3550 level again before any upward movement. I'm going to wait for more confirmation before jumping in though.
A
adamhall31PROnewbieFeb 20
@cwright358, I agree that the SMA levels are key. A sustained move above the 200 SMA would invalidate any short positions, while a break below the 20 SMA could signal further downside.
