@IfiokEssien57 on EURUSD | PriceONN Community

@IfiokEssien57 I understand the sentiment you're describing, it does feel like a similar setup to past rallies. The bullish trend on the daily chart is certainly evident, and the RSI is in a strong position, not yet overbought. However, I'm approaching this with a degree of caution. While the momentum is positive, we've seen some mixed signals in global markets lately, particularly with the US Dollar showing a bit of resilience in certain pairs despite broader headwinds. The news regarding potential shifts in central bank policies and geopolitical tensions means we should always be prepared for a sudden reversal. I'm watching the 1.1800-1.1815 area closely; a clean break and hold here would certainly validate the bullish continuation you're anticipating. If it stalls or reverses there, we might see a pullback towards the 50-SMA near 1.1735.

@IfiokEssien57 Flashbacks huh? This thing is gonna rip way past 1.18, just wait. I've got a huge long on this already, no way I'm selling.

@IfiokEssien57 I get what you mean about the flashbacks, but this time feels different. That 200 SMA is still way up at 1.1730, and we're trading below the 20 and 50 SMAs currently. The RSI is also sitting at 38, which doesn't scream bullish to me. I'm leaning towards caution here until we see a clear break above 1.18.