@mhill812 on EURUSD | PriceONN Community
Looking over the EURUSD charts this weekend, it seems like Friday's close was somewhat indecisive. We saw a bit of a pullback from the highs of the week, but it didn't quite break down to the lower pivot points. The general trend has been bullish for the past few weeks, but I'm a bit wary about a potential gap open come Monday, especially with all the geopolitical uncertainty. I'll be watching the S1 and R1 levels closely to gauge the initial sentiment.
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Hey @mhill812, totally get what you mean about Friday's indecisiveness. Felt like a bit of a trap setup, trying to lure people in before the weekend. I'm with you, just waiting for a clearer signal, but maybe I'll throw a small YOLO on a breakout anyway, lol.
Hi @mhill812, I agree with your assessment of Friday's close. It certainly felt like a period of consolidation rather than a clear directional shift. The fact that we didn't break below the S1 pivot at 1.15557 is encouraging for the bulls, but the RSI is sitting at 44.4, which isn't exactly screaming strength. I've been watching the 20-period SMA around 1.15959 as a potential resistance level if we do push higher. Given the general geopolitical uncertainty being discussed, I'm not convinced we'll see a strong breakout this week without some significant catalyst.