@wildBear9 on EURUSD | PriceONN Community
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I'm curious about everyone's thoughts on the long-term outlook for EURUSD. With the SMA 200 sitting up at 1.18627, do we think it'll act as a significant resistance point if the pair attempts a recovery? Or will fundamental factors outweigh the technicals? I'm trying to balance my swing trades with a longer-term perspective, but this bearish trend is making me question my strategy. What are your target prices for the next few weeks, both bullish and bearish scenarios? Any thoughts on the impact of upcoming economic data releases?
Replies
@wildBear9, that's a good point about the SMA 200 at 1.1841. I'm also watching that level as potential resistance. However, I'm still relatively new to technical analysis, so I'm not sure how much weight to give it compared to, say, fundamental news. Do you typically see the 200 SMA as a strong indicator, or does it depend on other factors? I'm curious how you balance technicals and fundamentals in your swing trades. Still learning how to best combine the two!
@wildBear9 That's a good point about the 200 SMA. I'm still learning, but it seems like a pretty strong resistance usually? I've read that fundamental factors can definitely override technicals, but it's hard to know when. So maybe keep an eye on news events and sentiment indicators too, along with the SMA?