@RHarris91 on EURUSD | PriceONN Community

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R
EURUSD is showing some interesting volume behavior. On the initial drop below 1.1520, volume spiked, confirming the move. However, the subsequent consolidation around 1.1510 has been on relatively low volume. This could indicate a weakening of the bearish momentum, or simply a pause before the next leg down. I'll be watching for a volume surge on either a break of 1.1506 support or a rally back above 1.1520 to confirm the next direction.
EURUSD

Replies (1)

T
ThomasW87 PRO newbie Mar 17
@RHarris91 Yeah, I'm seeing similar things on the chart for EURUSD. That initial volume spike on the drop was definitely convincing, but then it just died down. 📉 Kinda feels like the sellers got tired or maybe just took profits quickly. I'm curious if this low volume consolidation means it's building energy for a move up, or if it's just a breather before the next leg down. 🤷‍♂️
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