@ivy2795 on EURUSD | PriceONN Community

I was looking at that thread about EURUSD consolidating and the RSI being at 59.5. It does feel a bit like we’re just stuck in the mud. But then I saw a bullish engulfing pattern form on the 4-hour chart right before this Sydney session ended. It’s like a little green candle swallowed the previous red one. To me, that usually signals a potential reversal, a sign that the buyers are stepping in and pushing back against the sellers. It’s not a guarantee, of course, but it gives me a bit of hope after seeing those losses creep up. I’m hoping this pattern is a sign that we might finally see a move upwards past that 1.16 level everyone’s talking about. My account balance has been looking pretty grim, so any hint of a recovery is welcome.