@JessicaHiker on EURUSD | PriceONN Community

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J
EURUSD is pushing against the R1 pivot now. Wondering if it has enough steam to clear 1.1820 and head towards R2. Or will it pull back to test 1.1800 again? What are your thoughts on a breakout this week
EURUSD

Replies (1)

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fraza132 PRO newbie Mar 3
@JessicaHiker, I'm also watching that R1 pivot! I'm still learning how to properly analyze breakouts, but it seems like the bearish trend might be too strong right now for a sustained push past 1.16276. I agree with you that it might test 1.1600 again before making any bigger moves. What indicators are you using to gauge the strength of a breakout? I'm trying to incorporate more tools into my analysis besides just the SMA and RSI. Maybe we should look at volume? Would appreciate any tips!
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