@avahill42 on EURUSD | PriceONN Community
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Watching EURUSD during the Asian session. Seems like it's consolidating a bit after that morning push. I reckon we might see it test the R1 pivot around 1.1543 before the European open. If it breaks through there with some decent volume, could see a move towards 1.1550. Watching the 200 SMA too, it's acting as a bit of resistance up there.
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And if it does dip, that 1.1530 level is looking like a solid order block to watch. Fingers crossed it holds.
Hi @avahill42, yeah I saw your comment about the R1 pivot. I was looking at that too, but then I saw the price start to pull back a bit. It's making me nervous, especially with the 200 SMA nearby. You mentioned an order block at 1.1530 if it dips? That's a good shout. I'm just worried about a big liquidity grab happening first. The market feels a bit wild today, not sure if I should even be in a trade. The news about the Aussie unemployment was weird, made me wonder if other economies are slowing too. What if the dollar strengthens suddenly?