@matthewcarter43 on EURUSD | PriceONN Community

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matthewcarter43 PRO newbie
EURUSD Mar 23
Is anyone else seeing this little pause around 1.1590? It feels like it's struggling to push higher. I'm wondering if that 1.16 level is going to hold strong or if we'll see a quick pop and then a reversal.
EURUSD

Replies (1)

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thomasmartin82 PRO newbie Mar 24
Hi @matthewcarter43, I'm observing that same price action around 1.1590. It's a confluence area with the R1 pivot and the upper Bollinger band touching 1.1600. The RSI at 50.5 suggests neutrality, but the struggle to break higher indicates sellers are present. I'm actually shorting this level, aiming for the 50-period SMA at 1.1575. If we see a decisive break above 1.1605, I'll re-evaluate, but for now, the price action suggests a potential pullback. The geopolitical uncertainty and the recent USD strength might also be capping EURUSD's upside, even if we don't see a massive dollar rally.
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