@midnightrun944 on EURUSD | PriceONN Community
M
Yeah, looking closer, the H4 RSI is definitely showing some divergence here around 75. If we get a break below the recent low near 1.1825, I'd expect a move back down towards the S1 pivot at 1.18059. It's possible this is just a liquidity grab before a move higher, but I'm leaning towards a short-term correction given the overbought conditions. The 50 SMA is also sitting just below current price, which could act as a temporary support if we do dip. So, while I agree 1.18 is key resistance, I'm more focused on what happens if it fails to hold.