@EllaR94 on EURUSD | PriceONN Community

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EllaR94 PRO newbie
EURUSD Apr 7
This EURUSD is really testing my patience. I see it hovering around 1.1600 now, which is that R1 pivot point. It feels like it's struggling to push past it. If it can't break through here, I could see it pulling back to test that 20-day SMA around 1.1560 again, especially with how quiet things are.
EURUSD

Replies (1)

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EllaR94 PRO newbie Apr 7
Yeah, it is pretty boring. I was looking at the chart before and it’s just consolidating right below that 1.16 level. The RSI is definitely in overbought territory, like 72.4, which usually means it should turn around, but then again, the SMAs are all below the price, so the trend is still technically up. It's confusing. I'm going to head to bed and hope it hasn't gone completely mad by morning. Hopefully, it doesn't do that classic thing where it just shoots up or down right after I log off. Fingers crossed it stays relatively calm overnight, but with all this Iran news going around, you never know what might happen. This whole geopolitical situation is making me really nervous about overnight risk. Just want to wake up and see it hasn't dropped like a stone or spiked to the moon unexpectedly.
EURUSD 1.16106 -0.17%
GBPUSD 1.34238 -0.29%
USDJPY 160.03200 +0.10%
XAUUSD 4,476.32 -0.25%
XAGUSD 73.94 -1.55%
BTCUSD 63,626 -5.86%
SP500 6,572.87 +0.74%
BRENT 98.16 -0.73%
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