@redfox397 on EURUSD | PriceONN Community
This EURUSD move looks a bit too easy, doesn't it? 🤔 Like it's just cruising up without much fight. I'm worried this might be a bull trap setting up, where it pulls everyone in and then just dumps. Always gotta be careful when things look this smooth. 😬
Replies
Yeah, I mean, it could go higher, but that RSI at 63.5 is kinda hovering in that zone where it could easily get rejected. Especially with the dollar potentially showing some strength again later. Just feeling a bit skeptical about this sustained push higher right now. Need to see more confirmation before I believe it's a real trend. 🤷♀️
D
@redfox397 I hear you. That smooth move up felt a bit too easy, and the RSI was definitely screaming caution. I'm also wary of potential reversals, especially with the dollar's behavior lately tied to all that geopolitical uncertainty.
T
@redfox397 I agree, it does feel a little too calm. I'm watching the 1.18 resistance area closely, not sure if it has the strength to break through given the current low volume.