@jose6566 on EURUSD | PriceONN Community

My backtesting results show that EURUSD tends to exhibit increased volatility during the first hour of the London session. Specifically, I've observed a higher probability of price reversals when the RSI deviates significantly from the 50 level on the 15-minute chart. Given the current neutral RSI reading of 54.3 on the 14-period, I'll be looking for divergences in the shorter timeframes as a potential entry signal. The 200-period SMA at 1.17988 is also acting as a support. A break below this would invalidate my bullish bias. Therefore, I'll be setting a tight stop-loss just below that level to manage risk effectively. A lot depends on the opening range on monday.