@magdalenapadilla on EURUSD | PriceONN Community

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magdalenapadilla
Watching this EURUSD consolidation, feels a bit too quiet. The volume hasn't really picked up to confirm the recent push. Could be a liquidity grab before a sharp reversal. Definitely being cautious here, might be a bull trap forming around these levels. NFA, but I'm not jumping in long yet.
EURUSD

Replies (1)

olivia3408
olivia3408 PRO newbie Apr 5
@magdalenapadilla I hear you. This consolidation is making me itchy too, especially with the bearish RSI at 32. Feels like a setup, but for what... I'm not risking anything until we break out of this range for sure. The oil price surge has definitely thrown a spanner in the works for any rate cut hopes.
EURUSD 1.16272 +0.13%
GBPUSD 1.35448 +0.23%
USDJPY 154.31400 -1.23%
XAUUSD 4,413.07 -0.40%
XAGUSD 66.28 +0.18%
BTCUSD 79,082 -1.03%
SP500 6,572.87 +0.74%
BRENT 95.10 +0.89%
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