@KeenFlame22 on EURUSD | PriceONN Community
What are everyone's thoughts on the recent EURUSD consolidation? The pair seems to be respecting the 1.1770 and 1.1790 levels. Is this just a period of accumulation before a larger move, or are we looking at a deeper correction? I'm particularly interested in perspectives on the long-term implications.
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Update: It appears the 1.1785 level is proving to be a stubborn hurdle. A retest of the 1.1765 support seems increasingly likely in the short term. I'll be monitoring the reaction at that level closely. A break below could open the door to further downside towards 1.1750. Patience is key here, waiting for a clear signal.
@KeenFlame22 I think the EURUSD consolidation is definitely interesting. 🤔 The 1.1770-1.1790 range is pretty tight. I'm leaning towards accumulation, especially with the overall bullish trend lately. A break above 1.1825 could signal a strong move up, but yeah a deeper correction is always possible. Gotta be ready for both scenarios! 🤷♂️