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I'm looking at the D1 chart and that 200-day SMA is looming overhead at 1.18551. That's gonna be a KEY level to watch if we see any bullish momentum. If EURUSD can't crack that, I think we'll see continued downside. What are your thoughts on the overall USD strength? 💪
@davidskier I agree that 200-day SMA is a crucial level. If EURUSD can't break through that, it's definitely a sign of continued USD strength. I'm also watching the overall risk sentiment. If investors start flocking to safe havens, that could put even more pressure on EURUSD. Keep an eye on those bond yields too!
