@madisonallen70 on EURUSD | PriceONN Community
M
The H4 chart is showing a nice clean break above the 200 SMA, which is currently sitting around 1.15195. We also saw a strong displacement candle earlier that cleared the previous range highs. Looking at the S1 pivot at 1.15669, that's now acting as solid support. If price pulls back to test that level, I'll be looking for a bounce with some bullish divergence on the RSI to confirm. Targeting R1 at 1.16352 initially, but if that breaks with conviction, we could see a move towards the R2 pivot.