@SKumar24 on EURUSD | PriceONN Community
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EURUSD is showing some interesting behavior. We're seeing a bullish trend, but it seems to be struggling around the 1.1820-1.1830 zone. The RSI is indicating overbought conditions, but the SMA's suggest a continued upward movement. Could this be a potential bull trap? Or is it just a temporary pullback before another push higher? I'm thinking of waiting for a clear breakout above R1 before entering a long position. Keeping a close eye on the D1 chart for confirmation. What do you guys think?