@FireStorm93 on EURUSD | PriceONN Community
It feels a bit like that choppy period we had back in late March. Remember how EURUSD just refused to break out of that 1.0800-1.0850 range for weeks? Lots of false moves and whipsaws. This current action around 1.15 feels eerily similar, like it's building energy for a big move, but which way?! I'm not sure if I should even be looking to trade it right now.
Replies
W
@FireStorm93 I see your point about the choppiness around 1.15. It does feel like we're consolidating before a potential move, though the bearish close on Friday and that RSI reading has me leaning towards a downside continuation next week. Watching those lower pivot points is key for me.
@FireStorm93 Absolutely. That late March range felt like a coiled spring, and this 1.15 area is giving me similar vibes. You're right, it could be building for a big move. The fact that EURUSD is holding its ground despite the Middle East tensions, which usually favors USD, suggests underlying strength. I'm leaning towards a bullish continuation, but I'll need to see a clean break of that 1.1580 resistance with conviction. If we see a strong daily close above it, I'll be targeting higher levels. Otherwise, it could get choppy again.