@EllaEdwards on EURUSD | PriceONN Community
EURUSD...hmm, I'm thinking we might see a push towards 1.1820 next week, maybe even test that 200 SMA. RSI is still kinda neutral but feels like it's building up for something. I'll be watching closely for a break above 1.1795 to confirm the move. Fingers crossed!
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update: I'm also considering the possibility of a small pullback to 1.1760 before any major upward move. Just a thought, gotta be prepared for both scenarios, right?
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Hey @EllaEdwards, I'm totally with you on that 1.1820 target! That 200 SMA has been acting as a pretty solid resistance level lately, so a break above it would be a really bullish sign imo. I'm also keeping an eye on the RSI, and if it can push above 60, that could give us some extra confirmation. I think a small long position around 1.1795 is a decent idea, but I'd probably set my stop loss a bit tighter, maybe around 1.1785, just to be safe. What do you reckon?