@nycStephanie76 on EURUSD | PriceONN Community
N
Is anyone else seeing this EURUSD chart consolidate like crazy? It feels like it's just stuck between these levels, and I can't figure out if it's going to break out soon or just keep doing this all day. Any thoughts on what might happen next?
Replies
@nycStephanie76 I understand the frustration with the current consolidation. We're seeing EURUSD hover around the 1.1570 area, failing to make significant moves. The key levels to watch are the S1 pivot at 1.1558 and the R1 pivot at 1.1584. A decisive break through either of those, ideally supported by increased volume, will likely dictate the next trend. For now, it's tight range trading.
A
@nycStephanie76 I see your point about the consolidation. Have you noticed any significant divergence on the H4 chart with the MACD? I'm observing the current price action hovering near the S1 pivot at 1.15316, and it feels like it's testing support but lacks conviction for a clear breakout either way. Wondering if we might see a retest of the daily pivot at 1.15353 before any major move.