@siphodlamini70 on EURUSD | PriceONN Community

Observing EURUSD during this Asian session, it appears to be consolidating within a relatively narrow range. The 50-period SMA is acting as a dynamic support around 1.1613, but the price is struggling to break above the R1 pivot at 1.1619. A decisive break above this level could signal further upside potential, but I remain cautious due to the proximity of the 200-period SMA which is significantly higher. Failure to break above R1 may lead to a retest of the S1 support, further reinforcing the current sideways trend. I think that a breakout is needed for a more defined direction. We should monitor volume during the European session for confirmation.