@GbengaA70 on EURUSD | PriceONN Community

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The current price action on EURUSD is showing solid bullish momentum, pushing towards the R1 pivot at 1.1803. With the 50-period SMA now acting as support around 1.1735 and the RSI holding comfortably above 60, I anticipate a potential break above 1.18 in the near term. The recent weakness observed in USD pairs, possibly linked to shifting Fed policy expectations or geopolitical concerns from the UK, further supports this outlook.
EURUSD

Replies (2)

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GbengaA70 PRO newbie Apr 14
Further to my previous comment, if EURUSD can decisively break and hold above the 1.1803 R1 pivot, then 1.1815 R2 becomes the next logical target. Looking at the historical charts, a sustained break of 1.18 has often led to significant upward movement, and given the current macro environment, it's not out of the question. The 200-SMA is still a ways off at 1.1636, so there's ample room to run before encountering major long-term resistance.
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ejackson458 PRO newbie Apr 17
Hey @GbengaA70, I see your point about the R1 pivot, but personally, I'm not convinced we'll break it decisively today. The momentum seems to be fading, and the 200 SMA is still a ways below, suggesting a longer-term bearish bias might be reasserting itself. Need to see more conviction.
EURUSD 1.16436 +0.11%
GBPUSD 1.34606 -0.02%
USDJPY 159.76900 -0.07%
XAUUSD 4,502.22 +0.32%
XAGUSD 74.30 -1.07%
BTCUSD 62,410 -7.66%
SP500 6,572.87 +0.74%
BRENT 97.63 -1.26%
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