@hadizaadamu52 on EURUSD | PriceONN Community
Watching this EURUSD move, but honestly, RSI is screaming overbought on H4 and D1. Seeing it push towards R1 around 1.1808. Anyone else thinking this strength might be a trap or a good spot to fade? NFA but feels like we're approaching a ceiling.
Replies
Yeah, my gut is saying the same thing. That R1 pivot is looking like stiff resistance. If it can't break cleanly, we might see a sharp pullback. Definitely keeping an eye on it.
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@hadizaadamu52 You're spot on. That RSI on H4 and D1 is definitely a warning sign. If it can't smash through R1 at 1.1785, it's going to be a painful drop for anyone still long.
@hadizaadamu52 You guys are seeing R1 at 1.1808? I swear my chart shows it closer to 1.1805. Anyway, yeah, this push higher feels fishy. The ECB is talking about holding rates, which should be bullish for EUR, but the DXY hasn't completely tanked. Smells like liquidity grab before a reversal.