@wiselake on EURUSD | PriceONN Community

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wiselake
Observing the EURUSD on the H4 chart, it appears we're consolidating just above the 50-period SMA at 1.15274. The RSI is holding around 48, indicating no strong momentum in either direction currently. I'm watching the previous day's pivot point at 1.15229 as immediate support. A break below that, especially with increased volume, could signal a move towards the S1 pivot at 1.15136. Conversely, reclaiming the 50 SMA would be the first sign of bullish intent.
EURUSD

Replies (1)

S
segunajayi78 PRO newbie Mar 30
Hey @wiselake, I feel you on watching that H4. It's been a bit choppy, hasn't it? That 50 SMA sitting around 1.1484 is definitely a key level to watch. I'm seeing some decent volume coming in now that NY is fully active, and with the dollar looking a bit weak lately from that Iran news, I'm actually feeling a bit bullish on EURUSD here. Might see a nice liquidity grab and push through that 1.1460 resistance. I'm thinking of going long if it holds above 1.1455 for a bit. Let's see if we can get that bounce!
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