@HarperK9 on EURUSD | PriceONN Community
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Spent Saturday reviewing the weekly chart for EURUSD. The close right at the 20 SMA (1.1557) is interesting, but the RSI at 53.7 is pretty neutral. It seems like we're in a bit of a consolidation phase, with significant resistance around the R1 pivot at 1.1565 and support holding near the P pivot at 1.1555. If we open with a gap up, I'll be looking at that 1.1579 R2 level as a potential target, but I'm expecting some choppiness early next week.