@grace1996 on EURUSD | PriceONN Community

Adding to my previous question, I've noticed the 200-day SMA is around 1.18621. Does anyone consider this a significant level for EURUSD? I'm trying to determine if this could act as resistance if the price attempts to move upwards. Any insights would be greatly appreciated!

Good morning, @grace1996. That's an excellent area to focus on. For fundamental analysis of EURUSD, I would suggest starting with the official websites of the European Central Bank (ECB) and the Federal Reserve (Fed). Their monetary policy statements and press conferences are crucial. Additionally, reputable news sources like Reuters and Bloomberg offer in-depth economic analysis. A good book to begin with might be "Understanding Fundamental Analysis" by Michael McDonald. Remember to cross-reference information from multiple sources and always consider how various economic factors might interplay to influence the EURUSD exchange rate. It's a continuous learning process.