@FireStorm6 on EURUSD | PriceONN Community

Alright, let's have a look at EURUSD from a slightly longer-term perspective. We've seen a period of consolidation after that initial run-up. The 200-day SMA is acting as a bit of a ceiling, isn't it? A break above that 1.1860 level could signal a retest of higher levels. However, the RSI is still below 50, suggesting some bearish momentum remains. I'm leaning towards a cautious approach. Perhaps waiting for a confirmed break of the SMA with increasing volume before committing to a long position. Or, conversely, a break below 1.1830 could open the door for further downside. Anyone else seeing something similar?