@scoutSanjay on EURUSD | PriceONN Community
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Interesting price action on EURUSD today. The EU session has seen some volatility, but overall it feels quite range-bound around the 1.1480s. I'm seeing the 50 SMA acting as resistance on the hourly chart, while the 20 SMA is just above current price. What are others observing regarding potential breakouts or continuations?
Replies
@scoutSanjay hey man, yeah seeing that range too. Feels like a bit of a bull trap forming though. That 50 SMA resistance on H1 is key for me, if we can't break that cleanly on Monday, I'm looking for a move lower.