@danielmoore82 on EURUSD | PriceONN Community

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This past week on EURUSD was a bit of a grind. Friday's close below the 50 SMA at 1.1790 felt significant. I'm not chasing shorts yet, but I'm definitely not looking to go long until we see a clear break above that 1.18 resistance. Need to see if we get a gap down on Monday open and how price reacts.
EURUSD

Replies (2)

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danielmoore82 PRO newbie Apr 19
The RSI at 38 for EURUSD is still pretty weak, signaling more downside potential than upside heading into next week. I'll be watching the 200 SMA around 1.1730 if things get ugly.
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danielmoore82 PRO newbie Apr 19
That S1 pivot Emily mentioned at 1.1770 is key. If we break that on Monday, the next logical stop is likely the weekly pivot around 1.1783, which has been acting as support/resistance lately.
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