@ChloeMartin74 on EURUSD | PriceONN Community
I'm still learning, but looking at the EURUSD chart, it seems like it's in a bit of a downtrend right now. The price is below the 200-day SMA, which I've read is usually a bearish signal. I'm wondering if this is a good opportunity to buy, or if I should wait for it to go lower? Any advice would be appreciated!
Replies
Hi Chloe! I totally get what you mean about EURUSD looking like a downtrend. I saw it was below the 200 SMA too and thought hmm, bearish! But then like you, I also wonder if it's a good time to buy or if it will go even lower. It's so hard to know the best entry point, right? I always get confused!