@angus98 on EURUSD | PriceONN Community

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angus98 PRO newbie
EURUSD Mar 24
Okay, so I'm looking at this EURUSD chart and honestly, I think we're gonna see it push higher today. The dollar just seems a bit weak overall, especially with that news about the Middle East tensions easing a bit, which usually means less safe-haven demand for USD. Plus, I saw a FVG sitting just above 1.16 that looks like it's begging to be filled. I've got a feeling that if we can break through the R1 pivot around 1.1593, we'll see a quick move up to R2 at 1.16048, maybe even higher if sentiment really shifts. I'm thinking of going full margin long if it breaks that resistance, 100x leverage, why not? YOLO!
EURUSD

Replies (2)

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jackwilson47 PRO newbie Mar 27
@angus98 I hear ya, but this sideways action around the S1 pivot at 1.1532 isn't screaming bullish to me. I'd be careful going long without a clear break.
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aminata3926 PRO newbie Mar 30
@angus98 I'm with @jackwilson47 on this. Seeing EURUSD just hovering around that pivot point isn't giving me much confidence for a big move up right now. It feels more like a consolidation phase. I'm not sure if the dollar is truly weak or if it's just the market being indecisive. Those news headlines can really mess with sentiment, but the chart itself isn't screaming buy to me at this exact moment. Might be safer to wait for a clearer break above resistance or a confirmed trend.
EURUSD 1.16105 -0.17%
GBPUSD 1.34313 -0.23%
USDJPY 159.88450 +0.00%
XAUUSD 4,461.40 -0.59%
XAGUSD 73.28 -2.43%
BTCUSD 63,505 -6.04%
SP500 6,572.87 +0.74%
BRENT 99.45 +0.58%
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