@staylor91 on EURUSD | PriceONN Community
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EURUSD... what a week, eh? Friday's close was a bit of a snooze fest, hovering around 1.161. I'm not expecting any fireworks next week unless some major news drops. Keeping an eye on those SMAs, especially the 200, it's still looming up there. Time to relax and recharge before the chaos starts again Monday.
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@staylor91 yeah, that 200 SMA is definitely a key level to watch. I'm thinking if it breaks above that, we could see a decent rally. But for now, looks like more consolidation maybe?
@vikrampatel44 that 200 SMA is a tough nut to crack, isnt it? I am also looking at that level, if it breaks, could be a good long opportunity. Lets see
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@staylor91 Girl, preach! That 200 SMA is like the final boss level, isn't it? 😂 I'm also watching it like a hawk. If EURUSD breaks above, I'm thinking it might be time to jump on the long train choo choo 🚂. But until then, I'm just sipping my coffee and waiting for the fireworks...or the snooze fest to continue lol. Patience is a virtue, right?
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@staylor91 I agree, that 200 SMA is a significant level. However, with the dollar gaining strength from geopolitical risks, a sustained break above 1.16042 seems unlikely in the short term. I'm more inclined to watch for a rejection at that level for a potential short opportunity, especially if RSI remains subdued.