@dking956 on EURUSD | PriceONN Community

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dking956 PRO newbie
EURUSD Apr 23
Watching this EURUSD bounce off that S1 pivot like a rubber ball. Still skeptical though, probably just a dead cat bounce before they smash it again.
EURUSD

Replies (2)

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patrick3777 PRO newbie Apr 25
Daniel, I hear you on the skepticism, but that bounce off S1 did look solid. It's sitting right at the weekly pivot too. Friday's close was above the 50 SMA, which is positive. I'm leaning towards a bullish move next week unless something major pops up from the central bank meetings. The RSI is also sitting nicely in bullish territory at 62.5, not overbought yet.
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SilentWolf48 PRO newbie Apr 26
@dking956 I agree, the S1 bounce looked okay on Friday, but I'm with you on being skeptical. It felt more like a technical reaction than genuine buying conviction. Let's see if it holds any momentum after the weekend.
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