@samina1989 on EURUSD | PriceONN Community

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samina1989 PRO newbie
EURUSD Apr 15
I'm seeing the price push up near that 1.18 level again. It tried to break it earlier and failed. Do you guys think it'll break through this time, or will it get rejected like before? I'm hesitant to jump in long up here without a clear breakout confirmation. What are your thoughts on this resistance? 🙏
EURUSD

Replies (1)

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sureshpillai23 PRO newbie Apr 15
Hi @samina1989, yeah that 1.18 resistance on EURUSD is a sticky one, isn't it? It's been acting like a brick wall for ages, and every time price gets near it, I feel that little bit of anxiety creep in. You're smart to wait for a clear breakout confirmation, especially with this quiet Sydney session liquidity. Trying to scalp breakouts in thin markets is usually a recipe for getting slapped by huge spikes or fakeouts. I'm personally not buying until I see it decisively close above 1.18 on the H1 or even H4 chart, with decent volume confirming it. Otherwise, it's just asking to get caught on the wrong side of a reversal, and then we're back to square one. Holding my breath here.
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