@divyadas32 on EURUSD | PriceONN Community
This EURUSD action reminds me a lot of the setup we had back in Q3 2022! I remember a similar consolidation pattern followed by a sharp bearish breakout. We saw a fakeout above the 200 SMA then, too, before the real move down. If history repeats itself, we could be looking at a significant drop towards 1.1550 levels. Of course, past performance doesn't guarantee future results, but it's definitely something to consider. I'm watching the volume closely for confirmation. Keep an eye on those H4 candles! 👀 Definitely not financial advice, just my observation. 😊