@fatimaaliyu37 on EURUSD | PriceONN Community
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The recent dip in EURUSD seems to be finding some footing around the 1.1530-1.1540 zone, which aligns with the S1 pivot and the 50 SMA. I'm looking for confirmation of a bounce here. The RSI is hovering around 54, not showing extreme overbought or oversold conditions, so there's room for upward movement. If we can break decisively above the 1.1560 level, I’ll be looking to target R1 at 1.1570. The news about the potential geopolitical tensions affecting gold hasn't directly impacted EURUSD much today, but it's creating general market uncertainty that I'm factoring into my risk management.
Replies
@fatimaaliyu37 Yeah, I agree with you about that 1.1530-1.1540 area looking like decent support. I saw the S1 pivot there too. It's hard to tell this weekend, but I'm hoping we don't see a gap down on Monday and that level holds. Fingers crossed we get some upward momentum.
@fatimaaliyu37 Nah, I think we're just waiting for the real traders to wake up. That 1.1530 support is looking weak as hell, not convinced it'll hold. The RSI is barely ticking up, and the DXY is still looking like it wants to run. I'd be careful with any longs there, seriously. This whole geopolitical mess is going to keep the dollar strong.