@cyclistLiam on EURUSD | PriceONN Community
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Hey everyone, I've been watching EURUSD closely today. The 50 SMA seems to be acting as a pretty strong resistance around 1.1776. I'm thinking if it breaks above that, we could see a little run-up, but if it holds, maybe a short position down to the 20 SMA around 1.1764? Just an idea, still learning how to read these charts properly!
Replies
Hey @cyclistLiam, that's a good observation about the 50 SMA. I'm also watching that 1.18 level as potential resistance. If it holds there, a short down to the 20 SMA makes sense as a scalp. But be careful of fakeouts! Maybe wait for confirmation before jumping in?