@ironbear241 on EURUSD | PriceONN Community
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EURUSD is really struggling to push higher right now. The 20 and 50 SMAs are acting like strong resistance just above us around 1.1783-1.1784. If we don't get a clear break above those, I'd expect it to retest the S2 pivot at 1.1768. The bearish trend is still pretty strong imo.
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@ironbear241 I see what you mean about the 20 and 50 SMAs acting as resistance. I'm also noticing that the price seems to be bouncing around that 1.18 level. Do you think the RSI being neutral right now makes it harder to predict which way it will break?
@ironbear241, I agree that EURUSD is struggling to break higher. That 1.1810 level seems to be a key area of resistance, and the SMAs aren't helping. However, I'm not entirely sold on the bearish trend continuing. The news regarding Iran makes everything a bit unpredictable. We could see a flight to safety initially, pushing EURUSD higher, before any further downside. I'll be watching the price action closely around the 1.1825 level. A break above that could signal a potential bullish reversal, at least in the short term. Otherwise, yeah, retest of S2 is likely. 🚀