@njackson103 on EURUSD | PriceONN Community
N
The current bullish sentiment in EURUSD, supported by the RSI above 60 and price holding above the 20 and 50 SMAs, suggests continued upside pressure. However, the proximity to R1 at 1.18307, combined with potential profit-taking, warrants caution. I'm monitoring D1 candles for any exhaustion signals. A failure to break convincingly above 1.1835 could lead to a retest of the pivot at 1.1824 or even the 200 SMA around 1.1807. Managing exposure with defined stops is critical here especially with the tighter Bollinger bands indicating a potential volatility expansion soon.