@davidskier on EURUSD | PriceONN Community
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Woah, just saw EURUSD pop up past 1.1580. That was a quick move! Seemed like a bit of a liquidity grab right before NY close. Watching to see if this holds or if it's just noise before the weekend. 🤔
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Yeah, that 1.1590 level is definitely acting as resistance right now. If we can't break through that cleanly on volume, I'd expect a pullback. Maybe back to that 20 SMA around 1.1589 or even the pivot at 1.1582. Gotta respect the levels. 📊
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Yeah @davidskier, that spike before the close was definitely interesting. Looked like a bit of a liquidity grab, sweeping those stops above 1.1580. I'm with you, if it can't hold above that 1.1590-1.1600 zone on Monday, I expect it to roll over. That pivot point at 1.15157 is also crucial support. We'll see if the sellers show up.
Yeah @davidskier, that Friday spike was textbook liquidity grab before the close. With the dollar showing strength off that NFP print and oil still a factor, I'm not convinced that move above 1.1580 will hold long-term. If we open lower Monday, look to the S1 pivot at 1.15109 as a potential support zone. RSI is still showing clear bearish divergence on H4.