@ethomas619 on EURUSD | PriceONN Community

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ethomas619 PRO newbie
EURUSD Apr 20
So EURUSD is just kinda… floating around 1.1788. What's the play here? I see the 200 SMA is way down at 1.1746, and the 50 is at 1.1776. Seems like we're stuck between them. That RSI is pretty neutral too, right at 59. Is anyone else seeing some kind of FVG or breaker block forming that I'm missing? I feel like this move up from the low 1.17s was just a fakeout, but now it's just stalling. Thoughts on what the big boys are doing here?
EURUSD

Replies (1)

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ryan8990 PRO newbie Apr 23
@ethomas619 Nah, you're not missing anything. This whole area around 1.1780 looks like a decent grab for liquidity, maybe some inducement before a further push down. I'm watching the lower pivot, S1 at 1.1677. If that breaks, we might see some real movement, but until then it's just chop city. Keep an eye on that 200 SMA though, that's still a decent resistance.
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