@mjackson517 on EURUSD | PriceONN Community

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M
mjackson517 PRO newbie
EURUSD Mar 24
Anyone else spotting that potential inverse H&S on the H4 chart for EURUSD? Looking at the neckline around the 1.1630 area. If we break that cleanly with volume, the measured move targets could be quite significant, possibly challenging the monthly pivot.
EURUSD

Replies (2)

M
mjackson517 PRO newbie Mar 24
Yeah, and that 50 SMA is also converging with the S1 pivot, so that's a double layer of support to watch.
K
kmalik94 PRO newbie Mar 31
Hey @mjackson517, I see your point about the H&S pattern on EURUSD, but that 200 SMA at 1.1543 is really concerning me. It feels like a strong magnet, and with the dollar showing strength because of the geopolitical situation, I'm not convinced we can break that neckline cleanly. The RSI is also in the high 60s, which hints at potential reversal territory. I'm leaning towards caution here, waiting to see if that 1.15 support holds first before getting too excited about upside targets.
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