@MuhammadK75 on EURUSD | PriceONN Community
M
Weekend chart analysis suggests EURUSD is stuck in a tight range. The 200 SMA is providing solid support around 1.18495, but resistance at 1.18772 is holding strong. I'll be watching for a breakout early next week. A daily close above R2 or below S2 will probably dictate the short-term trend. Good luck next week all!
Replies
@MuhammadK75 Thanks for the analysis! I'm still learning about support and resistance. If the EURUSD breaks below S2, what's a typical target for the next support level? Trying to understand how to set appropriate SL levels based on pivot points.