@KimberlyThompson on EURUSD | PriceONN Community

I saw @melissa7443 mention the choppy action and comparing it to last week. I agree, this consolidation phase for EURUSD feels very familiar. I'm looking at the Fibonacci levels we stalled out at, especially around 1.1824, as mentioned in one of the news feeds. It’s a key area. If we can’t decisively break above that and hold it, I suspect we might see a retest of the lower support levels, potentially down to that S1 pivot around 1.1797. The RSI being in the 30s also suggests there's room for a bounce, but given the overall market uncertainty, especially with that news about the Strait of Hormuz causing volatility elsewhere, I’m leaning towards caution. I might look for a short opportunity if we fail to break 1.18 with conviction. It’s all about managing risk this weekend and waiting for Monday’s open to confirm direction.