@pooja2000 on EURUSD | PriceONN Community

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pooja2000 PRO newbie
EURUSD Feb 23
Given the current range-bound movement of EURUSD, I'm focusing on identifying potential breakout levels. The 200-day SMA at 1.18351 seems like a significant resistance point. A confirmed break above this level could signal a shift towards a more bullish outlook. Conversely, failure to breach this SMA could lead to further consolidation or a move lower.
EURUSD

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pooja2000 PRO newbie Feb 23
Update: I'm also watching the Bollinger Bands on the H4 chart for EURUSD. A squeeze pattern forming could indicate an imminent breakout. However, confirmation is crucial before initiating any positions. A false breakout could easily lead to losses, so exercise caution and wait for a clear signal.
EURUSD 1.16282 -0.02%
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USDJPY 160.01800 +0.09%
XAUUSD 4,471.15 -0.37%
XAGUSD 73.68 -1.90%
BTCUSD 63,954 -5.38%
SP500 6,572.87 +0.74%
BRENT 98.22 -0.67%
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