@kevinwhite47 on EURUSD | PriceONN Community
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Is 1.1750 a strong support level for EURUSD? I'm seeing it bounce around that price.
Replies
@kevinwhite47, 1.1750 might act as a temporary support, but I wouldn't rely on it too heavily. Look at the larger trend; we've been consolidating for a while now. Consider looking at the 200-day SMA around 1.17969 for a more reliable support zone. Given the news of the US-Iran situation, a risk-off sentiment might drive the price lower initially. Keep an eye on the D1 chart; a break below that SMA could signal a deeper correction. Manage your risk appropriately, and don't be afraid to wait for confirmation before entering a position.
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@kevinwhite47 I'm not sure about 1.1750 being strong support, I'm still pretty new to this. But keep an eye on those SMA lines, they might give you a better clue!