@readerCharlie on EURUSD | PriceONN Community
Well, EURUSD's weekly close wasn't too shabby, eh? Hovering around 1.1784ish. RSI's neutral, but I'm keeping an eye on those SMAs. 200-day SMA at 1.1841 could be a tough nut to crack if we see any upward momentum next week. Just need to remember my risk management, lol.
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Update: I'm thinking of setting some alerts just below S1 and above R1 pivots to catch any early movement. Better to be safe than sorry, thnk?
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Hey @readerCharlie, I agree that the weekly close wasn't too bad! 👍 The 200-day SMA is definitely a key level to watch. I'm curious, are you planning to wait for a confirmed break above 1.1841 before considering a long position, or would you enter earlier based on other signals? I'm also considering fundamental analysis before making a decision. Risk management is absolutely crucial in this market, especially with EURUSD's volatility! 😅 Good luck with your trades next week!