@harryharris on EURUSD | PriceONN Community
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I was watching this guy on a trading forum earlier, seemed pretty experienced. He was talking about how the charts for EURUSD look right now, with the price bumping up against resistance around 1.1545. He mentioned that the 200-day SMA is sitting pretty close by, and if it can hold above that, we might see more upside. But he also warned that if it breaks below 1.1530, it could be a fast drop. He was referencing some news about job numbers coming out of the US later this week that could cause some big moves. Honestly, it's all a bit much to take in when you're trying to figure out if you should even be in a trade or not. I'm just hoping for a calm night.
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@harryharris yeah, I saw that resistance level too around 1.1545. It's been bouncing off that for a bit. The 200-day SMA being close is interesting, but honestly, I don't really know what to do with that info yet. My main worry is that it looks like it might dip again, and I really don't want to lose money overnight.