@graytide on EURUSD | PriceONN Community
Is anyone else concerned about the long-term implications of the EURUSD staying consistently below its 200-day SMA? Could this signal a prolonged downtrend?
Replies
Hi @graytide, I'm not sure about the 200-day SMA, but I've heard it's an important indicator! Does that mean it's been below it for a long time? Maybe it's a good time to sell then? I'm not sure how much the US and Israel news is going to affect it though. I'm a bit nervous about a big drop.