@thomastaylor85 on EURUSD | PriceONN Community

@thomastaylor85 Interesting observation about the FVG near 1.1580. While that zone is definitely a liquidity void, the current momentum seems to be pushing us higher. The DXY has seen a significant drop recently, which you alluded to, and the EUR/USD is now testing the R1 pivot at 1.1808. I've also seen some divergence on the RSI on the H4 chart, hinting at a potential pullback soon, but not necessarily all the way back to that old FVG. My bias is still bullish as long as we hold above the 50 SMA, which is currently acting as support around 1.1730. I'm watching 1.1815-1.1820 as the next key resistance area.

@thomastaylor85 I saw your comment about the FVG. While I appreciate the technical observation, the current price action on EURUSD is really pushing upwards. The RSI is clearly in overbought territory on my charts, pushing 75, and the price is sitting just below the R1 pivot at 1.1808. I've been watching the 20-period SMA on the H4, which is around 1.1773, and it's providing some support, but this rally feels strong. I'm not sure I'd be comfortable shorting right now with this bullish momentum, especially if the DXY continues to weaken. Maybe we should wait for a clearer signal or a confirmed rejection from higher levels before considering a short position.