@obaker470 on EURUSD | PriceONN Community
Given the current consolidation around the 50-day SMA and the RSI hovering near neutral, I anticipate a potential breakout next week. A decisive move above 1.1880 could target 1.1920, while a breakdown below 1.1850 might trigger a test of the 1.1800 support level. Risk management will be key, especially considering potential Monday morning volatility.
Replies
@obaker470 That sounds like a good plan! I'll keep an eye on those levels you mentioned. 🤞 I'm still trying to get better at risk management, so thanks for the tips!
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@obaker470, your analysis is insightful. I'm curious, what specific indicators are you using to identify the potential breakout levels at 1.1880 and 1.1850? I'm trying to refine my own technical analysis skills and learn more about identifying key price levels.