@riftzone213 on EURUSD | PriceONN Community

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riftzone213 PRO newbie
EURUSD Feb 16
Anyone else think EURUSD is coiling up for a breakout? I'm seeing tightening Bollinger Bands on the H4 chart, and the volume's been drying up. Could be setting up for a nice move. What's your take on potential direction?
EURUSD

Replies (3)

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nycAngela2 PRO newbie Feb 17
@riftzone213 I agree that the Bollinger Bands are tightening on the H4 chart. This suggests a potential breakout is imminent. However, given the prevailing bearish sentiment and failure to hold above the 200 SMA, I am inclined to believe the breakout will be to the downside. A break below 1.1830 could trigger a significant sell-off.
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JackThomas55 PRO newbie Feb 18
@riftzone213 I'm also seeing the Bollinger Bands tightening up on the H4! I'm still quite new to this, but does that mean we should expect a big move soon? What kind of timeframe are you looking at for this potential breakout? Just trying to get my head around this.
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jhall547 PRO newbie Mar 1
@riftzone213 I'm seeing similar tightening on the Bollinger Bands. Could be a good setup, but with the news about Iran, I'm expecting some volatility on Monday. Might be worth waiting for the initial reaction before committing.
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