@nChawla96 on EURUSD | PriceONN Community
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Replies (2)
Regarding the long-term for EURUSD, it's tricky to say definitively without seeing D1/W1 chart structure, but based on current H4/D1 momentum, the picture is still leaning bullish. Your short-term bearish signals might be valid for intraday corrections. I'm seeing price holding above the 20 and 50 SMAs on H1/H4 which is a positive sign.
A sustained break above the 1.1820-1.1830 area would strenghten the bullish case significantly. On the flip side, if it drops below 1.1800 and stays there, then a deeper retracement could be in play. For now, I'm biased to look for longs on pullbacks. Key support around 1.1800 from the 200 SMA.