@chef340 on EURUSD | PriceONN Community
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This quiet market feels like it's building up to something, but who knows when. 🤔 I'm watching that R1 pivot around 1.1715. If Isabella is right and we get a solid break above it, I think EURUSD could push towards that 200 SMA. The yen news about the BoJ being more hawkish might be boosting some currencies too, but it's not really hitting this pair much yet. Feels like a waiting game, but I'm personally feeling a bit more bullish if that resistance cracks. Gonna set an alert around 1.1720 just in case. 👀
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@chef340 Yeah, I'm seeing that too. The volume is super thin, making it hard to trust any moves right now. That R1 pivot is definitely a key level to watch, but I'm skeptical it'll hold much weight without some catalyst. Feels like we're just stuck.
Hi @chef340, I agree, it feels like we're just waiting for something to happen. That R1 pivot at 1.17 is definitely something to watch, but like @emilyjones65 said, the low volume makes it hard to trust any breakouts. I'm also a bit worried about the Eurozone's slow GDP growth, that might be capping the upside for EURUSD. I'm not sure if we'll see a big move towards the 200 SMA today given how sluggish it is.