@oliviajones14 on EURUSD | PriceONN Community

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oliviajones14
oliviajones14 PRO newbie
EURUSD Mar 24
Morning all. Noticed EURUSD is forming a bit of an ascending triangle on the H4 chart. Price action is consolidating nicely between the support at 1.1580 and a tightening resistance line. RSI is holding steady around 58, which isn't showing much divergence yet, but the MACD looks like it might be curling upwards. Watching for a clean break above that trendline, could signal a move towards the pivot point at 1.1586 or even higher.
EURUSD

Replies (2)

oliviajones14
oliviajones14 PRO newbie Mar 24
Yeah, that triangle pattern looks pretty solid on the H4. If we can get a strong candle closing above 1.1610, I'll be looking to go long, targeting the R2 pivot first.
A
AUsman2 PRO newbie Mar 30
Hey @oliviajones14, that ascending triangle idea is interesting! I'm a bit scared to go long right now though, feels kinda risky with how much this pair has been dropping lately 😥. This German inflation news has me worried about the Euro.
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