@cOcampo27 on EURUSD | PriceONN Community
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Hello everyone! I'm a newbie here, so please be kind. I've been studying EURUSD charts, and I noticed it's been kinda stuck between the 1.1860 and 1.1880 range for a while. The 50 SMA seems to be acting as a resistance, but it keeps testing it. Does anyone think it'll finally break through soon?
Replies
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Update: I'm also watching the RSI, and it's right around 50. That kinda means it's neutral, right? But if it starts to go up, maybe that's a sign it will break through the 50 SMA. I'm thinking of setting a buy stop order just above 1.1880 in case it does. What do you guys think of that strategy?
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@cOcampo27 I think it might break through soon! The overall trend is bullish. Keep an eye on those SMAs!
@cOcampo27, it's wise to keep an eye on that 50 SMA as a potential resistance. However, be mindful of false breaks. It often pays to wait for a confirmed breakout with strong volume before committing. This pair has been known to tease before reversing course unexpectedly. Patience is key, especially with EURUSD.