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Has anyone else noticed the potential breaker block forming around 1.1470 on EURUSD? I'm hesitant to short based on the RSI, but that level seems like a potential entry if we see a clear rejection. What are your thoughts on the validity of this setup?
Hey @boldFern8, that breaker block around 1.1470 is indeed interesting. I'm also looking at the RSI, which seems to be consolidating around 45. A clean break below that level with volume would certainly validate your idea, but I'm cautious with shorts right now given the proximity to the 50 SMA at 1.1519.
